The company had a very difficult conversation with the Ministry of Finance, “which accused us that we are hiding some money and are not showing something,” according to Kobolev. “As a leader who thinks about winter and other big challenges, such as hindering the completion of the construction of Nord Stream 2,

Wednesday, May 5, 2021

I understood the need to plan our activities in order to ensure that Naftogaz is financially balanced. What is security for next winter? It’s enough money. Out of $2 billion, we are UAH 32 billion, that is, more than $ 1 billion were ready to transfer the budget in one way or another … Therefore, when they say“ Kobolev, you have too much money”, then, firstly, it is not with me, but in the state-owned company Naftogaz. Secondly, this money is needed to perform important tasks: production, security of supplies, projects and other things.”

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The board ex-head stressed that on the date of his dismissal, the company had more than $2 billion of free funds on its account, and 7 billion cubic meters of natural gas owned by Naftogaz in underground storage facilities.

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