You're reading: Former deputy economy minister replaces Sologub at NBU

The head of the National Bank of Ukraine (NBU) Kyrylo Shevchenko on July 13 chose Serhiy Nikolaychuk to replace Dmytro Sologub as Deputy for Macroeconomics and Monetary Policy.

“I am sure that Sergei Nikolaychuk, thanks to his thorough knowledge and experience, will be able not only to preserve, but also to increase the achievements of the National Bank in the field of monetary stability,” Shevchenko said.

Sergei Nikolaychuk had worked for the investment firm ICU , where he headed the Macroeconomic Research Department. In 2019-2020, he was the Deputy of Economy Minister Timofey Milovanov. 

From 2004 to 2019 he worked at the NBU, where he became the director of the department of monetary policy and economic analysis.

The NBU Council approved his candidacy at today’s meeting.

Sologub’s term ended on July 13. He has been with the central bank since 2014. On June 23, he announced that he was going to work at the Washington D.C. office of the International Monetary Fund and the NBU approved his dismissal. 

After Sologub’s departure, First Deputy Governor Kateryna Rozhkova is the only remaining member of the older NBU board, most of which resigned after the change of the head of the National Bank in July 2020.