U.S. concerned by Ukraine’s government actions to replace Naftogaz management

U.S. concerned by Ukraine’s government actions to replace Naftogaz management

Ukrinform
The United States has expressed "deep concern" by the Ukrainian government’s recent actions to replace the management of NJSC Naftogaz of Ukraine, calling it “calculated move – using a procedural loophole”.

Spokesperson for the U.S. Department of State Ned Price said this at a briefing in Washington, Ukrinform reports.

“We are deeply concerned by the Ukrainian cabinet of ministers’ recent actions to manipulate existing resolutions – sorry – regulations to dismiss the supervisory board and replace the management of Ukraine’s leading energy company,” he said.

The spokesperson said that this is “calculated move – using a procedural loophole – to oust well-regarded experts from the boards of several key state-owned enterprises”. He also stressed that these actions reflect a disregard for “fair and transparent corporate governance practices and complicates longstanding efforts to reform Ukraine’s energy sector and improve its investment climate”.

At the same time, Price stressed that these actions are just “the latest example of ignoring best practices and putting Ukraine’s hard-fought economic progress at risk”.

“We will continue to support Ukraine in strengthening its institutions, including advancing democratic institutions and corporate governance reforms, but Ukraine’s leaders must do their part as well,” he said.

As reported by Ukrinform, on April 28, the Cabinet of Ministers dismissed Andriy Kobolyev as CEO of NJSC Naftogaz of Ukraine and appointed Yuriy Vitrenko to replace him.

iy


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2021 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-