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Emerging MarketsEM CEE

Investors ‘disappointed’ by Naftogaz CEO dismissal

naturalgas_Adobe_575x375_7Feb2020

Market participants on Wednesday called the removal of Andriy Kobolyev as CEO of Naftogaz last week “disheartening”. The Ukrainian government’s meddling in the state-run energy company casts doubt on its commitment to IMF-mandated reform of corporate governance and will weaken Naftogaz’s ability to return to the bond market.

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