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Ukraine leader urges calm after big bank nationalised

Ukraine's cabinet has taken over PrivatBank -- a lender that held one-third of Ukrainians' bank depositsUkrainian President Petro Poroshenko urged people not to panic Monday after his government nationalised the country’s largest private bank to try and avoid a rapid financial meltdown. The former Soviet republic’s cabinet on Sunday took over PrivatBank — a lender that held one-third of Ukrainians’ savings and had branches in the Baltic states. The bank was owned by Poroshenko’s political foe Igor Kolomoyskiy.

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