Cabinet approves plan of Naftogaz's corporate governance

The Cabinet of Ministers has adopted a plan of corporate governance of the NJSC Naftogaz Ukrainy at a meeting with representatives of international financial organizations, Naftogaz chief Andriy Kobolev said at a briefing after the meeting on Friday.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

"The adoption of such a plan is a strategically important step in the reform of the NJSC Naftogaz Ukrainy, because in the medium term it will allow the state holding to receive the EBRD loans in the amount of $300 million and the loans from the World Bank in the amount of $500 million. In addition, this plan will help to establish a supervisory board of the NJSC Naftogaz Ukrainy, which may include representatives of international financial organizations," Kobolev said.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!