Finance

Yuriy Vitrenko has signed a one-year contract to work as Chairman of Naftogaz,

Friday, May 14, 2021

announced Andriy Yermak, the chief of President Zelenskiy’s staff, at a meeting of Ambassadors of the G7 countries, Sweden and the European Union. With the Supervisory Board planning to quit today, the government has asked members to stay on until a new Board is chosen. The Board resigned after the Cabinet of Ministers briefly suspended the Board on April 28 in order to fire Andriy Kobolyev, who had served as CEO of state oil and gas company for seven years.

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Friday, May 14
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Yermak said ‘transparent’ competitions would be held for a new Board and for the post of Naftogaz chairman.

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Although iron ore exports were down 8%, to 14.2 million tons, earnings from Ukraine’s iron ore sales almost doubled, reaching $2.3 billion

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