Oleksiy Chernyshov: Naftogaz has fulfilled its part of conditions for Ukraine to receive the recent IMF program

Naftogaz Group will continue to fulfill its obligations to the International Monetary Fund (IMF) commented Naftogaz CEO Oleksiy Chernyshov on April 20, noting that successful and consistent cooperation with the IMF is crucial for Ukraine's resilience during the war.

Chernyshov was speaking during a Washington DC meeting with Gavin Gray, IMF Mission Chief for Ukraine. The meeting was also attended by IMF Deputy Chief of Mission Natan Epstein, and Deputy Director of the IMF's European Department Uma Ramakrishnan.

Cooperation with the IMF is crucial for the stability of our country in times of war. The fact that we have a program is a signal to the civilized world that the country is moving in the right direction. Ukraine has made its civilizational choice. Naftogaz has fulfilled its part of the conditions for our country to receive the IMF program. This demonstrates that we are a reliable partner. Naftogaz will not let the country down," emphasized Chernyshov.

Representatives of the International Monetary Fund confirmed that Naftogaz Group had met all conditions set out in the recent agreement with the Ukrainian government on extended financial assistance. They added that Naftogaz is a particularly important partner of the Fund.

During the meeting, both parties discussed the terms of the program to ensure stable disbursement of funds.

I am pleased that our team is contributing to successful and consistent cooperation between our country and the IMF. Naftogaz will remain a reliable partner for the IMF," added Chernyshov.

In addition to this IMF meeting, Chernyshov also met with representatives of the international law firm Covington & Burling LLP, who presented a strategy to enforce recovery of $5 billion in compensation from russia for the seizure of Naftogaz Group assets in Crimea.

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