Over the last two years, Naftogaz has sold a total of $1.55 billion of Eurobonds
. On April 30, Ukraine’s Cabinet of Ministers suspended the Naftogaz Supervisory Board and installed Yuriy Vitrenko as CEO. “We were very unhappy and we made that very clear,” Renaud-Basso said. “We hope it’s a one-off, and not a sign of really backtracking in [corporate governance].”