'Clearing up the mess' — Ukraine's oil and gas giant gets new supervisory board

Ukraine’s government on March 2 appointed a new supervisory board for state-owned energy giant Naftogaz after a delay of more than a month, replacing controversial former official Rostyslav Shurma, who was recently charged with embezzlement. The newly appointed independent board members — from Poland, Denmark, Canada, and Norway — bring extensive international energy-sector experience, while Deputy Economy Minister Anna Artemenko was named as the new state representative on the board, according to the Kyiv Independent.

The appointment comes as Ukraine intensifies efforts to reform its state-owned enterprises following a series of corruption scandals, including the major wartime scandal at Energoatom in late 2025. As the Kyiv Independent notes, independent supervisory boards were originally introduced after the 2014 EuroMaidan Revolution to reduce corruption risks and improve governance in state-owned companies. Anti-corruption lawyer Tetiana Shevchuk described the new Naftogaz board as a positive, if limited, step toward restoring confidence in the energy sector and reassuring foreign creditors, while also noting that the continued presence of government officials on the board suggests that full independence has not yet been achieved. READ MORE HERE.