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A quote crom the comment section:

“For those who like me do not know what this is – this is a quote from inforussie.com:

Steinmeier formula
In late 2015, then German Foreign Minister Frank-Walter Steinmeier put forward a plan that later became known as the « Steinmeier formula ». The plan stipulates that a special status be granted to Donbass in accordance with the Minsk Agreements. In particular, the document envisages that Ukraine’s special law on local self-governance will take effect in certain areas of the Donetsk and Lugansk regions on a temporary basis on the day of local elections, becoming permanent after the Organization for Security and Cooperation in Europe (OSCE) issues a report on the vote’s results. The idea was endorsed at the Normandy Four meeting in Paris on October 2, 2015, and has been known as the Steinmeier formula since.”

Lovely! The real shit is a little different. Most of the Eastern Ukrainian people feels as Russians, like those people in Crimea. No? Feel free to tell what they think 🙂

hey Gizars. Want to play a game of connect the dots?
https://bank.gov.ua/control/en/publish/printable_article?art_id=41163205&showTitle=true
quote : ” Over two years ago, the NBU launched the most comprehensive diagnostic studies in the history of the banking sector that comprised an asset quality review (AQR) and assessed capital needs faced by banks. So far, the NBU has completed the diagnostic studies for the 60 largest financial institutions, representing 98% of the banking system.

Inspections and stress tests carried out by the NBU revealed that PrivatBank had capital shortages. As of 1 April 2016, the bank had capital shortages amounting to UAH 113 billion, which, apart from crisis-related factors, were caused by imprudent lending policies pursued by the bank. As of 1 November 2015, related-party loans accounted for 97% of the bank’s loan portfolio, totaling UAH 150 billion.

PrivatBank, as well as other financial institutions where capital shortages were revealed based on the results of stress tests, were required to address these capital shortages, as the rules are the same for all financial institutions.

The bank’s management team designed a recapitalization program and a program to unwind related-party lending. The bank’s shareholders also provided guarantees as proof of their commitment to implement the recapitalization program agreed to with the NBU.

However, neither the bank nor its shareholders implemented the program.”