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Ukraine state-owned enterprises weekly — Issue 108

Naftogaz takes over another two of Firtash's gas distribution companies. On Oct. 20, Gas Distribution Networks of Ukraine LLC (Gazmerezhi brand), a Naftogaz subsidiary, reported that Volyngaz came under state control and joined Naftogaz Group. According to the company, this was driven by the need to address strategic energy challenges in the event of hostile attacks on the grid.

Ukrainian State-Owned Enterprises Weekly — Issue 105

On Sept. 29, United Mining and Chemical Company (UMCC) said that the State Property Fund (SPFU) changed the company’s executive board, dismissing first deputy CEO Yaroslava Maksymenko and replacing her with Yegor Perelygin. According to liga.net, Perelygin headed UMCC from August 2021 to April 2022. The executive board now also includes deputy CEO Dimitri Kalandadze, deputy security and audit director Valeriy Papenko, and former branch head Valeriy Zakharenko.

Kyiv-Pechersk Lavra is still selling a book which glorifies Putin Photo

Kyiv-Pechersk Lavra is still selling a book which glorifies Putin Photo
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Ukrainian State-Owned Enterprises Weekly — Issue 104

On Sept. 25, the High Anti-Corruption Court (HACC) partially granted the request of the attorney for the former CEO of Naftogaz Andriy Kobolyev, reducing the bail amount from Hr 229 million ($6.2 million) to Hr 107 million ($2.9 million). For a detailed analysis of this case from a corporate governance perspective, see series of columns by SOE Weekly team members Andriy Boytsun, Oleksandr Lysenko, and Dmytro Yablonovskyi: Are Kobolyev’s bonuses a threat to corporate governance reform?

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