Escalating the war between new Naftogaz CEO Yuriy Vitrenko and the company’s management,

Vitrenko charges that a reported net profit of nearly half a billion dollars for the first quarter was in reality a loss of up to $4 billion. On May 5, Peter van Driel, Naftogaz CFO posted on Facebook a preliminary Q1 net profit of the hryvnia equivalent of $469 million. Now, Vitrenko tells RBK Ukraina in a lengthy interview that an audit will show a big loss in Q1, largely due to unpaid bills by municipal heating companies and Naftogaz’

Naftogaz CEO Yuriy Vitrenko will appeal in court against yesterday’s order by the National Agency for the Prevention of Corruption

to the Naftogaz Supervisory Board to terminate his contract. Last week, the Supervisory Board failed to vote for Vitrenko’s ouster, opting instead to postpone the issue. Vitrenko asked: “Why is the NAPC not going to court to terminate the contract, but playing politics, and in whose interests is this happening?”

Justice Minister Denys Malyuska promised yesterday  to challenge the decision in court

. Prime Minister Shmyhal set a 10-day deadline to resolve the impasse. The challenge to Vitrenko comes as Naftogaz closely watches today’s Biden-Putin meeting in Geneva for news on the Nord Stream 2 pipeline. Last week, Vitrenko was in Washington, meeting with congressional representatives and journalists to campaign against the Russia-Germany bypass gas line, which is 95% complete.