Delaying the formation of an independent Supervisory Board NAK “Naftogaz Ukraine” can disrupt the planned continuation of the program of crediting of the European Bank for reconstruction and development, said managing Director of the European Bank for reconstruction and development (EBRD) for Eastern Europe and the Caucasus Francis Malige.
“This is urgent very urgent problem because NAC needs an independent Supervisory Board. It is absolutely impossible that a company of this size operates without a Supervisory Council,” he told reporters on the sidelines of the forum Ukraine Silk Road Trade Finance Executive Forum on trade Finance, organized by the EBRD and Ukreximbank in Kiev.
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F. Malige reminded that in 2015, the EBRD approved a three-year lending program of “Naftogaz” to EUR300 million for purchases of natural gas in Europe, which ends at the end of the upcoming winter .
According to him, talking about the release next spring for the next funding programme for the NAC procurement of natural gas, which, as a rule, is carried out in the period between heating seasons.
“We want to continue and may even increase the amount of the credit line, but it means that during this period we must negotiate, what do we do with the reform of corporate development”, – said F. Malige, expressing hope that the process of corporate reform the NAC will continue.
As reported, in mid-September “Naftogaz” announced intention in all independent members of the Supervisory Board of the company to resign because of political interference. The NAC recalled that the independent members of the national Assembly in April pointed to the government’s failure to implement the “Plan for the reform of corporate governance,” but since that time progress in this matter is missing.
In response, Prime Minister Vladimir Groisman said that the Supervisory Board will be updated. “We’ll do it together with our international partners in public, to attract to the Supervisory Board the highest quality personnel to continue this extremely serious and systemic reforms,” – said the Prime Minister on September 22.