KYIV, Jan 24 (Reuters) – Ukraine has appointed a brand new supervisory board to supervise state-owned pure gasoline monopoly Naftogaz, Prime Minister Denys Shmyhal mentioned on Tuesday, assembly a requirement of a monetary help programme from the Worldwide Financial Fund.
Shmyhal instructed a authorities assembly that the brand new board consisted of 4 unbiased members and two representatives of the state, based on a video of the assembly posted on his Telegram channel.
Ukraine’s financial system is closely depending on international support since Russia launched a full-scale invasion of the nation on Feb. 24.
Naftogaz is Ukraine’s largest nationwide oil and gasoline firm and its subsidiary, Ukrtransgaz, operates a pipeline system that carries Russian gasoline to Europe.
Naftogaz’s lately appointed CEO, Oleksiy Chernyshov, promised late final 12 months to spice up worldwide buyers’ confidence within the agency.
One in every of Chernyshov’s predecessors is at the moment below investigation by Ukraine’s anti-corruption authorities on suspicion of embezzling the equal of round $10 million.
Reporting by Dan Peleschuk
Modifying by Mark Potter
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