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Mr. Pyshnyy’s Fragile Mandate: How ICU Maintains Control For Poroshenko.
When the National Security and Defence Council of Ukraine imposed sanctions against Petro Poroshenko in February 2025, the list included the International Investment Bank (IIB), a key asset of his business empire. The law requires the immediate owner deprivation and transfer of control over the bank to an authorised representative of the National Bank of Ukraine (NBU). However, the regulatory authority’s reaction was unusually sluggish: the actual deprivation took place after more than two months.
Andriy Pyshnyy NBU Governor
Such procrastination cannot be explained solely by bureaucratic inertia. It looks particularly discordant against the backdrop of public rhetoric by NBU Governor Andriy Pyshnyy, who is known for his declared policy of “strict compliance with the sanctions regime” and institutional reform.
Financial Red Flags
During the first five months of 2025, IIB’s financial condition deteriorated sharply. According to the National Bank’s data:
- Funds held by individuals in accounts fell by almost half;
- Corporate funds fell by a third;
- The bank’s total assets decreased by 15.9%;
- The bank passed from being profitable to UAH 27.2 million loss;
- At the same time, transactions on correspondent accounts rose sharply, from UAH 3.5 billion to UAH 5.8 billion.
Against the backdrop of sanctions and deferred regulatory response, this dynamic looks like a predictable scenario of hasty capital withdrawal. The key question is not why it happened, but who enabled it.
The Role of ICU and the Shadow Architects
According to industry sources, Poroshenko’s long-time partners in ICU financial group, Makar Pasenyuk and Konstantin Stetsenko, played a central role in maintaining Poroshenko’s influence over the bank. They allegedly coordinated the process of circumventing sanction restrictions, using both personal connections and institutional contacts.
An interesting element is Mr. Pasenyuk’s family background. His mother-in-law is Vera Ivanovna Ulyanchenko, once the head of the Secretariat of President Viktor Yushchenko. It was during her tenure that Petro Poroshenko served as Minister of Foreign Affairs. This fact alone does not incriminate anyone, but it does underscore the stability and depth of social ties unaffected by electoral cycles or political sanctions.
The Institutional Obscurity Phenomenon
Over the past ten years, criminal investigations have been conducted in Ukraine infringing on the interests of such figures as Sergei Kurchenko, Viktor Medvedchuk, Rinat Akhmetov, and Poroshenko himself. In many cases, the companies served by ICU were involved. However, a striking feature of these cases is the complete lack of attention to the owners of this financial group itself. Despite the scale of its activities, ICU remains institutionally obscure to the Ukrainian law enforcement system. And this obscurity seems too systematic to be accidental.
According to industry sources, Mr. Pasenyuk may own, informally and through proxies, a stake in IIB’s capital. Such an arrangement would allow him to influence the bank’s operations even after formal restrictions were imposed. In this context, the NBU’s behaviour looks not like negligence, but like the result of an informal consensus in which politics, business and regulatory authorities don’t so much clash as act in concert.
The British Connection: FPP and GLAS
ICU’s activities outside Ukraine are of particular interest.
FPP Asset Management LLP was founded in 2008 in London and is formally regulated by the British FCA as a boutique manager of emerging market bonds. According to Companies House. ICU Holdings was its main shareholder (more than 50% of shares) in 2018–2019. This connection was subsequently disguised through offshore companies in the Cayman Islands. In professional circles, FPP was considered a proxy structure for ICU and a formally independent holder, but in reality it voted in sync with ICU on debt restructuring issues. According to insiders, Makar Pasenyuk himself once admitted: “FPP is us.”
Equally curious is the role of Global Loan Agency Services Limited (GLAS), a British trustee involved in the management of international debt structures. On paper, GLAS acts as an independent representative of investors” interests, but its behaviour in a number of cases has raised questions: decisions formally taken on behalf of security holders actually coincided with ICU’s interests. Attempts to replace GLAS with a more neutral agent were blocked, and the company’s legal rhetoric almost verbatim repeated ICU’s arguments.
This coincidence naturally raises a logical suspicion: could it be that GLAS forms part of ICU’s network of “captive” services embedded within British jurisdiction to legitimise control over Ukrainian assets?
Is The State Watching — Or Participating?
According to information from several sources, the State Bureau of Investigation has joined the investigation. The reports have been forwarded to the Office of the President. However, no final decision on Mr. Pyshnyy has yet been made. In the event of his dismissal, his deputy Dmytro Oliynyk is considered the most likely successor. Mr. Oliynyk, previously considered Mr. Pyshnyy’s man, is now building direct ties with Bankova Street [Office of the President — translator’s note].
The situation surrounding IIB and ICU is not just NBU Governor Andriy Pyshnyy’s professional resilience test. It is a test for the entire Ukrainian regulatory system, where offshore structures and British “boutique brokers” are still the tools for preserving the power and influence of elites established back in the early 2000s.
As long as ICU and its partners remain beyond the reach of law enforcement and operate without any risk to themselves, any statements about financial sector reform sound more like PR than reality.
The Press Release Mr. Pyshnyy’s Fragile Mandate: How ICU Maintains Control For Poroshenko. appeared first on Pinion Newswire.
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Patrick N. Turner Announces Poetry Collection A Poetic Life
Wichita , KansasThis New Poetry Collection Explores Life, Love, Emotional Change, And Shared Human Experience. Patrick N. Turner has announced A Poetic Life: Life in Rhythm and Rhyme as Seen Through My Eyes, Heart and Soul, a poetry collection centered on the experiences, emotions, and questions that shape everyday life. The collection brings together poems about the […]
Wichita , Kansas
This New Poetry Collection Explores Life, Love, Emotional Change, And Shared Human Experience.
Patrick N. Turner has announced A Poetic Life: Life in Rhythm and Rhyme as Seen Through My Eyes, Heart and Soul, a poetry collection centered on the experiences, emotions, and questions that shape everyday life.
The collection brings together poems about the ups and downs of living, the unexpected turns people face, and the role love can play in helping readers move through difficult and meaningful moments. Written from Turner’s personal perspective, the book explores subjects such as family, self-respect, work, grief, faith, relationships, time, and personal reflection.
Turner presents poetry as a way of observing life closely. In the opening pages, he describes poetry as something found in life, love, speech, motion, and the world around us. That view carries throughout the collection, giving readers a direct and accessible look at ordinary moments, emotional struggle, and human connection.
“This book is from my perspective,” said Patrick N. Turner. “It comes from a simple frame of mind, and the main idea is that love is what everybody needs the most.”
The book invites readers to pause, reflect, and recognize pieces of their own lives within Turner’s words. Through honest and relatable poetry, it speaks to moments of joy, pain, growth, uncertainty, and hope while offering a sense of comfort and understanding.
A Poetic Life: Life in Rhythm and Rhyme as Seen Through My Eyes, Heart and Soul is now available in e-book, paperback, and hardcover formats. The book offers readers a heartfelt reminder that life’s experiences, whether simple or difficult, can become meaningful when seen through love, reflection, and shared humanity.
About the Author
Patrick N. Turner is an author and poet whose work reflects everyday life, family, love, loss, faith, and personal perspective. His writing focuses on the emotions and observations that connect people across different stages of life.
Author Name: Patrick N. Turner Book Title: A Poetic Life: Life in Rhythm and Rhyme Coming Soon Published by: Author Path Publishers
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NVIDIA and AWS Expand Collaboration to Accelerate Production-Scale AI Deployment
SANTA CLARA, CalifNVIDIA (NASDAQ: NVDA) and Amazon Web Services (AWS) today announced new advancements designed to help organizations deploy artificial intelligence applications at production scale with improved performance, efficiency, and operational simplicity. The collaboration introduces Amazon EC2 G7 instances powered by NVIDIA RTX PRO 4500 Blackwell Server Edition GPUs, expands GPU-accelerated vector search capabilities in Amazon OpenSearch […]
SANTA CLARA, Calif
NVIDIA (NASDAQ: NVDA) and Amazon Web Services (AWS) today announced new advancements designed to help organizations deploy artificial intelligence applications at production scale with improved performance, efficiency, and operational simplicity.
The collaboration introduces Amazon EC2 G7 instances powered by NVIDIA RTX PRO 4500 Blackwell Server Edition GPUs, expands GPU-accelerated vector search capabilities in Amazon OpenSearch Serverless through NVIDIA cuVS, and highlights AWS’s achievement of NVIDIA Exemplar Cloud status for NVIDIA GB300 training workloads.
The new Amazon EC2 G7 instances are engineered to support AI inference, graphics, spatial computing, video processing, and data analytics workloads. Compared with previous-generation G6 instances, G7 offers significant gains in AI inference and graphics performance while enabling organizations to scale workloads efficiently through flexible GPU configurations.
AWS also announced that Amazon OpenSearch Serverless now uses GPU-accelerated vector indexing powered by NVIDIA cuVS as the default option for vector collections. This enhancement is designed to accelerate retrieval-augmented generation (RAG), semantic search, recommendation systems, and agentic AI applications while reducing infrastructure complexity and costs.
According to AWS and NVIDIA, the integration can deliver vector indexing speeds up to 10 times faster and at substantially lower cost compared with CPU-only approaches, helping organizations build and deploy large-scale AI retrieval systems more efficiently.
In addition, AWS has achieved NVIDIA Exemplar Cloud status for NVIDIA GB300 training workloads, demonstrating performance that meets NVIDIA’s reference architecture standards for large-scale AI training environments. The designation reflects ongoing engineering collaboration between the two companies to optimize cloud infrastructure for advanced AI applications.
“These advancements provide organizations with a stronger foundation for building, training, and deploying AI at scale,” the companies said. “By combining high-performance computing, accelerated data retrieval, and optimized training infrastructure, AWS and NVIDIA are helping customers move AI initiatives from development to production more efficiently.”
The latest innovations reinforce AWS and NVIDIA’s commitment to delivering production-ready AI infrastructure that supports enterprise-scale workloads while minimizing operational overhead.
For more information, visit the AWS and NVIDIA websites.
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Nick Robinson Announces New Book Thriving in the Wilderness
Durant, OklahomaNew inspirational release explores resilience, purpose, and personal growth during life’s most difficult seasons. Author Nick Robinson announces the release of Thriving in the Wilderness: Discovering the Secrets God Has Hidden in the Dry and Difficult Seasons of Life, an inspirational book written for readers navigating hardship, uncertainty, and seasons of personal challenge. In Thriving […]
Durant, Oklahoma
New inspirational release explores resilience, purpose, and personal growth during life’s most difficult seasons.
Author Nick Robinson announces the release of Thriving in the Wilderness: Discovering the Secrets God Has Hidden in the Dry and Difficult Seasons of Life, an inspirational book written for readers navigating hardship, uncertainty, and seasons of personal challenge.
In Thriving in the Wilderness, Robinson explores the idea that difficult seasons can become turning points rather than setbacks. Through personal reflection, timeless life lessons, and examples of endurance, the book encourages readers to look at hardship as a period of preparation, growth, and renewed direction.
The book examines common struggles such as discouragement, waiting, loss, fear, frustration, and the search for meaning. Robinson presents the “wilderness” as a symbol for the dry and difficult periods people often face, whether emotionally, personally, professionally, or spiritually. Rather than viewing those seasons as wasted time, he invites readers to see them as opportunities to develop strength, character, patience, and purpose.
“I have personally walked through many wilderness experiences,” Robinson shares in the book. “Through these times I have learned to put my trust in the Lord and not lean on my own understanding.”
Thriving in the Wilderness is designed for readers who may feel stuck, overlooked, or uncertain about what comes next. Robinson offers practical encouragement for moving through difficult moments without losing hope, identity, or direction.
The book also includes reflection sections that invite readers to examine their own experiences and consider what they may be learning through the challenges they face. With its accessible message and encouraging tone, Thriving in the Wilderness reminds readers that difficult seasons can shape them for something greater.
About the Author
Nick Robinson is an author whose writing focuses on personal growth, resilience, encouragement, and finding purpose through difficult seasons of life. Drawing from his own experiences and years of reflection, Robinson writes to help readers move through challenges with strength, patience, and renewed perspective.
Author Name: Nick Robinson Book Title: Thriving in the Wilderness Book Published by: Visionary Book Publishers
Patrick N. Turner Announces Poetry Collection A Poetic Life
NVIDIA and AWS Expand Collaboration to Accelerate Production-Scale AI Deployment
Nick Robinson Announces New Book Thriving in the Wilderness
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