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

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.

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

Ukraine’s international finance partners – including the World Bank, EBRD, and the IMF – criticized the end run around the Board as undermining corporate governance. On a visit to Kyiv last week, U.S. Secretary of State Antony Blinken told ICTV: “Honestly, it sent a bad message, a bad signal, and I think it had the potential to be damaging to Ukraine’s reputation internationally. But I think – my own sense is that the government understands that and hopefully will move