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Ukraine Accelerates Energy Cleanup as Greek Gas Corridor Set to Start in January

Kyiv orders regulator renewal following allegations of $100 million embezzled from state energy firms.

Overview

  • President Volodymyr Zelensky announced audits and leadership renewals across major state energy companies, including Energoatom, Ukrhydroenergo, Naftogaz and the gas grid operator.
  • Investigators at NABU say about $100 million was siphoned through a scheme influencing strategic enterprises, with suspicions announced for multiple people and five detentions reported so far.
  • The Cabinet suspended Energoatom’s supervisory board and paused the OGTSU CEO competition, and Zelensky instructed an urgent bill to refresh the energy regulator NKREKP and to select a new ARMA head by year-end.
  • During a visit to Athens, Zelensky said gas deliveries from Greece will begin in January via the AlexandroupolisOdesa corridor, noting initial agreements for the first quarter and longer-term projects under discussion.
  • G7 ambassadors publicly backed Ukraine’s cooperation with independent anti-graft bodies, as Kyiv secures winter gas import financing of roughly €2 billion through European guarantees and partner support following wartime damage to production.