Corporate governance rules at Ukraine’s energy state owned enterprises (SOEs) have been critical to market reforms and to helping the country secure a long-term gas transit contract with Russia.

As Ukraine is preparing to receive billions of euros for the reconstruction of its war-torn energy sector, consolidating corporate governance rules are even more important as a guarantee against possible corrupt practices.

However, in this interview with ICIS’ senior journalist Aura Sabadus, Dr Andriy Boytsun, a corporate governance expert, explains that safeguards have been eroded even as pressures to tighten up the independence of companies such as Naftogaz, GTSOU or Ukrenergo are growing.