Ukraine faces rebuke from West over shake-up at state energy company

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 86%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Ukraine is coming under fire from Western governments and international financial institutions after it sacked the management of the state-owned energy company, in a move that critics say undermines years of anti-corruption reforms.

The decision threatened to damage U.S. and European ties with Ukraine just as Kyiv had earned an outpouring of Western support in recent weeks during a massive Russian troop buildup on its borders.Naftogaz had been portrayed by U.S. officials and European officials as a success story in the country’s long-running struggle to combat corruption.

John Herbst, a former U.S. ambassador to Ukraine, said the move would jeopardize a key element of efforts to root out corruption and open up opportunities for potentialBefore reforms were introduced after 2014, corrupt actors had managed to siphon off large sums of money from the gas company, and the dismantling of the management would re-open the door to similar practices, according to Herbst.

Two Florida businessmen, Lev Parnas and Igor Fruman, who were helping Giuliani try to dig up damaging information on Biden and his family, were also engaged in efforts to install new board members and management at Naftogaz, NBC News reported in 2019. That attempt ultimately failed. Kobolyev, the CEO sacked by the government, said past experience had shown the terrible effects of what he called political interference in Ukraine’s state-owned enterprises.

In her testimony to House impeachment investigators in October 2019, Marie Yovanovitch, the former U.S. ambassador to Ukraine fired by Trump after demands from Giuliani, called Kobolyev “as clean as they come.”Oleksiy Honcharuk, who served as the country’s prime minister from August 2019 to March 2020, called the decision a step backward from anti-corruption reforms designed to prevent political interference in state-owned firms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ukraine isn't a sovereign nation? They can't make their own decisions? Tfoh

Fired. Not sacked.

Um true

Where Giuliani in all this, somewhere for sure

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines