Concorde Capital’s Alexander Paraschiy writes:

“This development illustrates a strong political will to retain Vitrenko as Naftogaz CEO. That allows us to expect a Naftogaz Supervisory Board meeting to consider Vitrenko’s dismissal will not take place due to sabotage by the three board members appointed by the government…The situation once again shows that scandals and tensions between Vitrenko and some members of Naftogaz supervisory board are unavoidable, which promise nothing good for the company.”