US concerned about Ukrainian government action to replace Naftogaz leadership

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The United States has expressed “deep concern” over recent actions by the Ukrainian government to replace the leadership of NJSC Naftogaz of Ukraine, calling it a “calculated decision – using a procedural loophole”.

US State Department spokesperson Ned Price noted this during a briefing in Washington, Ukrinform reports.

“We are deeply concerned about the recent actions of the Ukrainian cabinet of ministers aimed at manipulating the existing resolutions – sorry – the regulations aimed at dismissing the supervisory board and replacing the management of the main Ukrainian energy company,” he said. declared.

The spokesperson said it was a “calculated measure – using a procedural loophole – to oust high profile experts from the boards of several key state-owned companies.” He also stressed that these actions reflect a contempt for “fair and transparent corporate governance practices and complicate long-standing 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 endangering Ukraine’s hard-fought economic progress.”

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

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

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