I understood the need to plan our activities in order to ensure that Naftogaz is financially balanced. What is security for next winter? It’s enough money. Out of $2 billion, we are UAH 32 billion, that is, more than $ 1 billion were ready to transfer the budget in one way or another … Therefore, when they say“ Kobolev, you have too much money”, then, firstly, it is not with me, but in the state-owned company Naftogaz. Secondly, this money is needed to perform important tasks: production, security of supplies, projects and other things.”
That was the fear expressed yesterday by a host of Ukraine-watchers: the State Department spokesman i Washington, the G7 Ambassadors in Kyiv, the speaker of the Rada, and the American Chamber of Commerce in Ukraine. To fire Andriy Kobolyev one year into his 4-year term, the Cabinet of Ministers resorted to suspending the Naftogaz Supervisory Board for two days, and then switching Kobolyev for his former deputy, Yuriy Vitrenko.
.“Dismissal of Naftogaz CEO raises doubts over Ukraine’s corporate governance reforms,” headlines an Atlantic Council blog by Aura Sabadus, a regional expert on the energy industry.