Connect with us

Hi, what are you looking for?

Smart Investment StepsSmart Investment Steps

Investing

Zelenskyy moves to ‘clean up’ Ukraine’s energy sector as corruption scandal rocks leadership

Ukrainian President Volodymyr Zelenskyy announced new efforts to ‘clean up’ the nation’s energy sector amid a corruption scandal and near-constant attacks from Russia.

Zelenskyy met with Ukrainian Prime Minister Yulia Svyrydenko on Sunday morning, saying he called on lawmakers to revamp the leadership at the State Nuclear Regulatory Inspectorate and the State Energy Supervision Inspectorate, in addition to other efforts to expunge Russian influence in the sector.

‘In full coordination with law enforcement and anti-corruption bodies, ensure the renewal of the Asset Recovery and Management Agency and to promptly complete the competition for the position of Head of ARMA so that the new Head of the Agency can be selected by the end of this year,’ Zelenskyy wrote on X.

He further called on lawmakers to ‘promptly conduct an audit and prepare for sale the assets and shares in assets that belonged to Russian entities and to collaborators who fled to Russia. All such assets must operate one hundred percent in Ukraine’s interests – to support our defense and to contribute to Ukraine’s budget.’

The new energy initiative also comes after a former associate of Zelenskyy’s was accused of being the mastermind behind a $100 million embezzlement scheme involving nuclear energy.

Tymur Mindich, who was once Zelenskyy’s business partner, was identified by Ukraine’s anti-corruption watchdogs as being the orchestrator of a scheme involving top officials and Ukraine’s state nuclear power company. Prior to the scandal, some feared Mindich’s growing influence over Ukraine’s lucrative industries that he had access to because of his ties to Zelenskyy.

Mindich allegedly exerted control over loyalists who then pressured contractors for Energoatom, Ukraine’s state-owned nuclear power company, demanding kickbacks to bypass bureaucratic obstacles. The requested kickbacks were reportedly as high as 15%.

Zelenskyy himself was not implicated in the investigation.

The new effort comes as Zelenskyy says that his team is ‘working to ensure another start to negotiations’ on ending the war with Russia.

‘We are also counting on the resumption of POW exchanges – many meetings, negotiations, and calls are currently taking place to ensure this. I thank everyone who is helping. Thank you to everybody who stands with Ukraine,’ Zelenskyy wrote.

Ukraine’s president further said that he is preparing for a full week of diplomacy with Greece, France and Spain, as well as renewed negotiations over prisoner of war exchanges with Russia.

Zelenskyy will meet with officials in Greece on Sunday to discuss natural gas imports, while talks with France on Monday and Spain on Tuesday will center on bolstering Ukrainian air defenses.

Fox News’ Rachel Wolf contributed to this report.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News and Articles




    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Stock

    Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of...

    Stock

    Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a...

    Investing

    As the government shutdown stretches over a month, one left-wing figure has emerged as House Republicans’ most-cited political boogeyman — and it’s not either...

    Stock

    U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total...

    Disclaimer: smartinvestmentsteps.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartinvestmentsteps.com