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Ukraine gets new Minister of Energy: Who is Yuriy Vitrenko?

Author : 112.ua News Agency

Source : 112 Ukraine

Yuriy Vitrenko has become Ukraine’s Minister of Energy and Coal Industry. The corresponding decision was made at today's meeting of the Cabinet
21:04, 22 December 2020

Executive Director of Naftogaz-Ukraine Yuriy Vitrenko
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MP from Servant of the People Oleksandr Kachura said on his Telegram channel that a meeting of the faction on personnel issues was held on December 15, where, among others, the candidate for the post of First Deputy Prime Minister - Minister of Energy Yuriy Vitrenko was heard.

Subsequently, the Verkhovna Rada voted on Vitrenko's candidacy. However, he did not get the required 226 votes.

Vitrenko replaced the current acting head of the Ministry of Energy Yuriy Boyko. Now about what is known about him.

Related: Yuriy Vitrenko appointed acting head of Ukraine's Energy Ministry

Who is Yuriy Vitrenko?

Yuriy Vitrenko was born on September 17, 1976, in Kyiv. He graduated from Kyiv National Economic University (International Economics), a master's degree from Kyiv National Economic University (International Business Management). He also studied at the graduate school of the Institute of International Relations.

He completed an internship at the University of Science and Technology in the USA.

He began his career in finance as an assistant accountant at Ukrinbank in 1991. Then there was work in the Ukrainian financial group, various positions in the management consulting division of PricewaterhouseCoopers, and the first cooperation with Naftogaz (including the posts of the head of the corporate finance department and the deputy head of the Department of Economics and Pricing Policy).

In 2010 he founded the investment company AYA Capital.

In 2014, after the Revolution of Dignity, Yuriy Vitrenko returned to Naftogaz. He held the posts of Business Development Director, Chief Commercial Officer, and was involved in arbitration cases against Gazprom.

Since November 2018, he has become the executive director of Naftogaz. In July 2020, he was laid off and left the company.

Related: Back-door games of Ukrainian Cabinet: Who is Yuriy Vitrenko?

Bonus

In February 2020, it became known that Vitrenko had filed a lawsuit over the non-payment of a $ 4 million premium for winning the Stockholm arbitration over Gazprom.

He noted that the lawsuit requires the fulfillment of an employment contract.

According to Ukrainian News, the Naftogaz Supervisory Board decided to pay bonuses to Vitrenko. Later, the media reported that Naftogaz had already paid the former executive director Yuriy Vitrenko $ 7.2 million instead of the $ 4 million he had previously requested.

As Interfax-Ukraine clarifies, during the meeting of the Verkhovna Rada Committee on Energy and Housing and Utilities on December 17, Vitrenko denied information about receiving the award.

“I didn’t receive any money. My wife called me yesterday with this question: Where is the money? I said that it’s not true. The agreement, concluded with Naftogaz, provides that they already have all the money allocated to me on the bonuses I get long-term hryvnia bonds in place of my money in the amount that Naftogaz owes me,” he said during the meeting.

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