The work of the NAC board in the government was assessed as unsatisfactory.
The Cabinet of Ministers of Ukraine obliged Naftogaz of Ukraine” to agree with the government on any actions regarding the implementation of the main agreement with the company Kondor Finance, which is the issuer of Naftogaz Eurobonds. The relevant order No. 625-r dated July 21 was published on the government website.
“National joint-stock company “Naftogaz of Ukraine”, in particular its officials and other authorized persons, are obliged to take any actions regarding execution of the current main transaction with Condor Finance pi.el.si. (Kondor Finance plc) after separate approval of such actions by the Cabinet of Ministers of Ukraine,” the document says.
In particular, the government noted that the work of the Naftogaz board is unsatisfactory due to the failure to conclude an agreement with Kondor Finance regarding changes to credit agreements in the amount more than UAH 3 billion
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In response, the consultants of Naftogaz creditors called to reject the company's request for a two-year freeze on debt payments, noting that the company is considered a profitable enterprise.
