PM Groysman says he may sack state companies' CEOs over reluctance to pay dividends to budget

The prime minister particularly mentioned NJSC Naftogaz of Ukraine, which in court challenged its obligation to pay 90% of the 2018 profit as dividends to the national budget.

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Ukrainian Prime Minister Volodymyr Groysman says he may initiate the dismissal of CEOs from certain state-owned companies if they do not withdraw by next Wednesday, July 10, their lawsuits challenging the transfer of part of their profit as dividends to the national budget.

"If they continue parasitizing on government-related issues, I won't tolerate this. I believe that today it is necessary to issue a protocol resolution and send it to the companies' supervisory boards and management. Moreover, it is necessary to raise the question that they should withdraw all claims against the state by Wednesday, as the state is their owner," he said at a government meeting on Wednesday, July 3.

Read alsoKyiv court allows Naftogaz not to pay 90% of 2018 profit as dividends to budget

"It cannot be other way round. They should understand that they are hired managers for state-run companies. So, they should work for the state, rather than against it," he added.

The prime minister paid special attention to National Joint-Stock Company Naftogaz of Ukraine, which in court challenged its obligation to pay 90% of the 2018 profit as dividends to the national budget.

As UNIAN reported earlier, Kyiv's District Administrative Court suspended the provisions of a Cabinet resolution under which Naftogaz was to pay 90% of its net profit for 2018 as dividends to the national budget before July 1, 2019.

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