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Dismissal of Naftogaz Head to complicate Ukraine-IMF talks on $5.5-billion aid

Source : 112 Ukraine

It is specified that such step violates the law on Naftogaz and more extended laws of the corporate governance
10:19, 29 April 2021

112 Agency

The dismissal of Andriy Kobolev from the position of the head of Naftogaz Ukraine creates a threat of complication of talks between Ukraine’s government and the IMF on the provision of $5.5 billion of aid as Bloomberg reported.

“The unexpected move risks unnerving western donors, including the International Monetary Fund, who have supported Kobolev and have already been rattled by a raft of reformists departing President Volodymyr Zelenskiy’s two-year-old administration,” the message said.

Related: Yuriy Boyko appointed Ukraine's Acting Energy Minister

According to the article, the West considered Kobolev as the main architect of the “energy overhaul” that would help the former Soviet country to shorten the budget deficit.

Besides, it should be considered that Kobolev provided the victory of Ukraine in the lawsuit against Russian Gazprom in 2018.

Inside the country, Kobolev was criticized for the gradual increase of expenses for heating.

Related: Parliamentary committee supports appointment of Halushchenko as Energy Minister

Naftogaz believes that the dismissal of Kobolev violated the law on Naftogaz and more extended laws of corporate governance.

On April 28, the Cabinet of Ministers officially reported the dismissal of Andriy Kobolev from the position of Naftogaz Head. The government held a general meeting of the stockholders of Naftogaz. The report of the company’s work for 2020 was considered.

It is noted that Naftogaz Ukraine will be chaired by Yuriy Vitrenko from April 29.

 

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