European Bank for Reconstruction and Development proposes candidates for the supervisory board of Ukraine's Naftogaz

The European Bank for Reconstruction and Development (EBRD) has provided Ukraine with a list of new independent candidates for the Supervisory Board of Naftogaz of Ukraine, said the president of the bank, Suma Chakrabarti in an interview with Voice of America.

"We have provided the government with a list of possible candidates, those who, in our opinion, are interested and will be able to form a new council as soon as possible. We are now waiting for the government's response," Chakrabarti said.

The resignation of independent members of the supervisory board of Naftogaz in September this year caused concern among international experts and officials, he added.

The EBRD head noted the need to understand the reasons for the resignation of independent board members. According to Chakrabarti, this decision could be due to disappointment with the decision-making process of lack of transparency in commercial discipline, which may create unequal conditions for Naftogaz's partners.

An important factor could be the fear that the requirement to file electronic declarations, along with civil servants assumes criminal liability for any errors.

Earlier it was reported that members of the board of Naftogaz of Ukraine received a fee of 50.8 million hryvnia ($1.9 million) in 2016.

  EBRD, Naftogaz of Ukraine, Ukraine