His ouster as governor was seen as a milestone in the president’s efforts to rein in the power of other business tycoons. Kolomoisky also owns one of Ukraine’s largest financial firms, Privat Bank.
Boholiubov and Kolomoisky settled a $2 billion dispute with fellow Ukrainian billionaire Victor Pinchuk in January, days before a trial was scheduled to start in a London court. The suit related to the March 2005 purchase of Alcross Commercial Ltd.
Ukraine magazine Novoe Vremya said in October that Kolomoisky is worth $1.9 billion while Boholiubov has declared total assets of $1.2 billion as the result of the freezing order, Richard Millett, Tatneft’s lawyer, said in court Friday.