Ukraine Overhauls State Energy Company Oversight

Ukraine’s government has ordered the removal of supervisory board members at several key state-owned energy companies. Prime Minister Denys Shmyhal announced the move as part of a broader corporate governance reform. The Prime Minister called the overhaul an “important step.” Supervisory boards are responsible for the strategic management and internal controls of these major enterprises. The directive terminates the powers of current board members. The government has not yet named the specific companies involved or announced a timeline for appointing new members.