Igor Kolomoisky won the case in Israel, and the Ukrainian state-owned PrivatBank was unable to “recover” 600 million dollars. This decision became the next step in the ongoing legal disputes with the former bank owners.

Igor Kolomoisky — a Ukrainian businessman of Jewish descent, who has had a significant impact on the Jewish community in Ukraine.

Key facts:

• Since 2008, Igor Kolomoisky has been the president of the United Jewish Community of Ukraine (OJCU), which unites about 140 Jewish organizations across Ukraine.
• With his involvement, in 2012, the largest Jewish complex in the world, “Menora”, was opened in Dnipro. The complex includes a synagogue, a Holocaust museum, and other facilities.
• At the “Menora” center, a museum dedicated to the history of Jews and the Holocaust has also been established, which is actively supported and developed.
• From 2010 to 2015, Kolomoisky held the positions of president of the European Jewish Congress and the European Council of Jewish Communities, actively participating in the life of Jewish communities in Europe.

Igor Kolomoisky won the case in Israel against PrivatBank for 600 million dollars

In December 2019, PrivatBank filed a lawsuit in the Tel Aviv District Court against Igor Kolomoisky, demanding the return of 600 million dollars, which the bank claimed had been “illegally withdrawn between 2007 and 2011”.

However, in April 2025, the court finally rejected PrivatBank’s demands, and Kolomoisky won the case. This important decision continues to attract attention in both Ukraine and Israel, given the financial connections between these countries.

PrivatBank and its claims against Kolomoisky

PrivatBank, Ukraine’s largest state-owned bank, filed a lawsuit in the Israeli court in 2019, claiming that between 2007 and 2011, when Igor Kolomoisky and Gennadiy Bogolyubov owned the bank, “approximately 600 million dollars was withdrawn from its accounts”. This money was allegedly “transferred to accounts in Israeli financial institutions, including Discount Bank“. PrivatBank stated that these funds “were illegally used” and demanded “their return”.

The legal process in Israel

The legal process lasted several years, and in May 2023, the Tel Aviv District Court ruled that PrivatBank had sufficient grounds to file the lawsuit. However, ultimately, in April 2025, Igor Kolomoisky won the case. The court refused to satisfy PrivatBank’s demands and dismissed the claim for the return of 600 million dollars. This decision was final and confirmed on appeal.

According to Kolomoisky’s lawyer, Aleksandr Lysak, the court did not accept the charges, and PrivatBank failed to prove its case. It is worth noting that the bank did not publicly comment on the legal proceedings, which left many analysts perplexed.

Consequences for Ukraine and Israel

This court decision has a significant impact on the relationship between Ukraine and Israel, especially considering the financial ties that exist between the two countries. The amount of 600 million dollars is substantial, and its loss raises doubts about the “legitimacy” of PrivatBank’s actions, which now faces new challenges in other jurisdictions.

This decision has also drawn attention to issues of corruption and financial manipulations, especially in the context of Ukraine. Igor Kolomoisky, who is a major businessman and former owner of the Privat Group, remains one of the most controversial figures in Ukraine’s economy and politics.

Kolomoisky in Israel: citizenship and influence

Igor Kolomoisky, according to open sources, has had Israeli citizenship since 1995. He was also a citizen of Ukraine but lost that citizenship in 2022. He also held Cypriot citizenship, which was valid until September 4, 2024.

Legal proceedings in other countries

Legal proceedings related to PrivatBank and its former owners continue in other countries. Specifically, in the United Kingdom in 2019, the Court of Appeal confirmed the jurisdiction of English courts in this case, and the order for the worldwide arrest of Kolomoisky’s and Bogolyubov’s assets remains in force. These legal proceedings highlight the global scale of conflicts related to PrivatBank and its former owners.

Situation with Dmitry Verbitsky

An important part of Kolomoisky’s legal practice is his lawsuit against Dmitry Verbitsky, a former prosecutor of Ukraine, who previously spread “false information” about the businessman. As a result, the court recognized the spread of false information and dismissed all charges against Kolomoisky. This case also has significant implications in the context of Ukraine’s legal system, where issues of reputation and honor protection remain relevant.

The role of NAnews in covering the situation

NAnews continues to monitor the legal proceedings in Israel and other countries involving Igor Kolomoisky and PrivatBank. Both Israeli and Ukrainian media are paying attention to this case, which has important consequences for both the economy and political relations between Ukraine and Israel. We will continue to inform you about the development of events and their implications.

Table: Timeline of judicial events

Conclusion

The court decision in Israel regarding Igor Kolomoisky’s case against PrivatBank raises new questions about financial practices on an international scale. This decision continues to affect the relations between Ukraine and Israel and serves as an important reminder of the complex legal and financial issues associated with large businessmen and their assets.

For more detailed information on the legal proceedings and related events, follow updates on our website NAnews – Israel News.