Oleksiy Chernyshov Met with the IMF Mission

The implementation of best corporate governance practices and the assurance of transparent operations at Naftogaz Group were discussed during a meeting on July 18, 2024, between Oleksiy Chernyshov, CEO of Naftogaz Group, and the IMF mission led by Gavin Gray.

First, I would like to thank the International Monetary Fund for its comprehensive support of Ukraine. The trust of our international partners is fundamental to the successful operation of Naftogaz Group. We are doing everything on our part to restore and strengthen that trust," said Oleksiy Chernyshov. 

The Head of Naftogaz also noted that the company consistently fulfills the requirements of the IMF as outlined in the agreements reached, particularly in the implementation of corporate governance reforms.

Naftogaz Group is the first state-owned company to implement best corporate governance practices in accordance with OECD Guidelines. This reform has already yielded positive results, as reflected in our financial statements. We are not resting on our laurels and are currently in the process of corporatizing the Group's subsidiaries. Notably, we have already established a supervisory board at PJSC Ukrnafta," he said. 

During the meeting with the IMF mission, Oleksiy Chernyshоv also emphasized the importance of the 5th review of the Extended Fund Facility program in September 2024.