Particle.news
Download on the App Store

Zelensky Orders Overhaul of State Energy Companies After Graft Scandal

A rapid reset seeks to reassure donors by tightening oversight at Energoatom following graft revelations.

Overview

  • A new supervisory board at Energoatom is to be installed within a week, with the company’s board slated for a full renewal.
  • Comprehensive financial audits will cover major state energy firms, and state-appointed managers will be replaced where necessary.
  • Leadership changes are planned at Ukrhydroenergo, the gas pipeline operator, and Naftogaz, with competitive selections initiated.
  • Ukraine’s anti-corruption bureau says a criminal scheme siphoned about $100 million linked to Energoatom projects, prompting two ministerial resignations.
  • Investigators identify presidential associate Timur Minditsch as a key suspect who left the country before searches, with probes also naming other senior figures as alleged participants.