Energy

In a reversal, the 5-member Naftogaz Supervisory Board agreed yesterday to stay on for a one-year term – on the condition that the current Executive Board remains and the roadmap submitted by the Supervisory Board last Friday is respected.

Thursday, May 20, 2021

Clare Spottiswoode, the British energy executive who chairs the Supervisory Board, said yesterday in a video address to the Cabinet of Ministers: “We will carefully consider any good ideas and changes in the implementation of our roadmap proposed to us by the Chairman of the Board [Yuriy Vitrenko].” The Supervisory Board had quit en masse, effective last Friday, in protest over the government’s ‘legal manipulation’ on April 28 to oust Andriy Kobolyev, Naftogaz CEO for seven years.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Thursday, May 20
Energy

The Black Sea seismic program is to start this summer and the 4-member Executive Board is to remain in place through the end of this year

Next post
Thursday, May 20
EconomyEnergy

The Baltic Sea pipeline bypasses Ukraine and will concentrate enormous power in Germany as the main distributor of Russian natural gas to the EU

Morning Economic Digest

Straight, factual, timely and investable business news and economic trends from Ukraine, Europe’s next Frontier Economy.

Previous Main Topics

Subscribe