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Tuesday, December 22, 2020
The government last night appointed Yuriy Vitrenko, the former Naftogaz executive, as acting Energy Minister and First Deputy Minister of Energy. Vitrenko replaces Olha Buslavets, who ran the Energy Minister since April. A graduate of the INSEAD, the French business university, Vitrenko spearheaded a successful Stockholm arbitration case against Gazprom. Although Gazprom paid Naftogaz $2.9 billion, a contingency fee payout for Vitrenko’s team rankled some. Last week, when his candidacy came up for vote, he won only 82% of the needed Rada votes. In Ukraine, acting ministers often serve for years at a time.