The early October resignation of American citizen Amos Hochstein from the Naftogaz supervisory board is sparking alarm over the future direction of the state-owned Ukrainian energy sector giant. A former US diplomat who previously served in the Obama administration, Hochstein cited growing opposition to gas market reform in Ukraine and political interference in the work of the company as key factors behind his decision to resign.
The American’s departure adds to mounting fears of a return to the corrupt practices that plagued Naftogaz for many years prior to a major shake-up in the Ukrainian gas sector beginning in 2014.
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Source:: The Frontier Post