Yuriy Vitrenko

Ukrainian economist

Юрій Вітренко
Born (1976-09-17) 17 September 1976 (age 47)EducationINSEAD MBAOccupation(s)Ukrainian economist and businessmanFamilymarried, 3 children
Nataliya Vitrenko (mother)

Yuriy Yuriyovych Vitrenko (Ukrainian: Юрій Юрійович Вітренко; born 17 September 1976) is a Ukrainian businessman.

Vitrenko was born and raised in Kyiv before completing his education abroad. He spent his early professional career as a management consultant, investment banker, and private equity manager at international companies in Kyiv and London.

Vitrenko is closely associated with Ukraine's post-2014 energy sector reforms and efforts to enhance the country's energy independence. He played a key role in Naftogaz's landmark multi-billion dollar 2018 international arbitration court victory over Russia's Gazprom and has been a vocal opponent of the Nord Stream II pipeline project. From December 2020 until April 2021, Vitrenko served as Ukraine's Acting Minister of Energy.[1][2][3] From April 2021 to November 2022 Vitrenko was the CEO of Naftogaz of Ukraine.[4]

Early life and education

Vitrenko was born 17 September 1976. His mother is a pro-Russian Ukrainian politician Nataliya Vitrenko.[5]

Vitrenko graduated from the Faculty of International Economics and Management at Kyiv National Economic University in 1996 and completed a master's degree in International Business Management the following year. He then undertook post-graduate studies at the Department of International Economic Relations at the Kyiv National Taras Shevchenko University's Institute of International Relations.

Following four years of additional international study, Vitrenko was certified by the Association of Chartered Certified Accountants (ACCA) in 2002 before becoming a fellow in 2007. In June 2004, he received an MBA from INSEAD.[6] 

Early career

Yuriy Vitrenko began his career with PricewaterhouseCoopers.[7] He then joined Merrill Lynch as an investment banking associate in London[3], before going on to hold the posts of COO and SVP at Amstar Europe, a division of private equity management company Amstar.

Vitrenko is the owner and CEO of AYA Capital and AYA Securities,[8] boutique investment banking, private equity advisory, and securities trading firms[6]. During Ukraine's 2013-2014 Revolution of Dignity, Vitrenko published several papers outlining market reforms for Ukraine together with AYA Research, a research arm of AYA Capital.[9][10]

Prior to the Revolution of Dignity, Vitrenko served in a number of posts at Naftogaz focusing on company strategy,[11] corporate finance[12] and Russia-Ukraine gas relations at a time when Ukraine was critically dependent on Russian gas.[13]

Naftogaz (2014–2020)

Following the onset of Russian military aggression against Ukraine in February 2014, Vitrenko began serving Naftogaz as an advisor and was soon appointed as a senior executive.[14] Key achievements in this role included freeing Ukraine from dependence on Russian gas imports; transforming Naftogaz from a loss-making enterprise into the biggest net contributor to the Ukrainian state budget; improving corporate governance in line with OECD guidelines; facilitating the development of a liberalized wholesale gas market; and securing two landmark victories over Russia's Gazprom in international arbitration proceedings. According to Upstream, Vitrenko was “at the forefront of the company's legal battles with Gazprom.”[15][16][17][18][19]

Securing transportation capacities and alternative gas supplies from the EU were top priorities in summer 2014 after Russia halted deliveries of gas to Ukraine.[20] This was achieved by unlocking the Slovak inter connector and signing a breakthrough contract with Norwegian gas producer Statoil (currently Equinor). This was widely viewed as a significant step toward securing Ukraine's energy independence.[21]

Vitrenko was a key figure in a long-running arbitration battle between Naftogaz and Gazprom from 2014 to 2018 that was recognized as the world's largest ever commercial arbitration case. The Russian company's claims were close to Ukraine's GDP and thus represented a major strategic threat not only to Naftogaz but to the country as a whole. A series of favorable verdicts delivered by the Arbitration Institute in Stockholm in 2017-18 saved Ukraine $81.4 billion in damages while awarding Naftogaz $4.6 billion for Gazprom's failure to deliver contracted transit volumes.[22]

Following arbitration success, Vitrenko negotiated a new gas transit contract for 2020-2014 directly with Russian President Vladimir Putin[23] during a December 2019 summit meeting in Paris. “My personal experience in dealing with Putin is that you can only make him do the right thing if you are prepared to confront Russia,” Vitrenko commented following talks in the French capital.“They only understand strong positions in negotiations, so unless you are ready to show that you have a strong position [and] you prepare in advance, you have no chance to win against Putin.”[24]

Some Ukrainian politicians were critical of the new gas transit deal with Russia,[25][26][27] while many of Ukraine's partners including the US offered public congratulations.

In 2019, the Naftogaz gas transit business unit headed by Vitrenko reported record profits.[28] Vitrenko was also widely credited by reform observers such as the Atlantic Council with leading reform and restructuring efforts within Naftogaz.[29] Many of the reforms adopted in the years following 2014 proved controversial within Ukraine while being applauded by the country's Western partners.[30][31]

During this period, Vitrenko held the number two position at Naftogaz but was widely perceived as the driving force behind the company's modernization. Ukrainian Prime Minister Volodymyr Groisman named Vitrenko the “mastermind” behind the transformation of Naftogaz with CEO Andriy Kobolev serving as a figurehead.[32]

Prior to being appointed CEO of Naftogaz, Kobolev had worked at AYA Capital, owned and headed by Vitrenko.[33] Vitrenko has since maintained that he and Kobolev entered into a gentlemen's agreement in 2014 stating that they would be equal partners in the management of Naftogaz. However, by the end of 2018, the first signs of a rift between the two were becoming apparent, with Vitrenko moving from his position as Group Chief Operating Officer to Executive Director focusing on the gas transit business and relations with Gazprom.[34]

Internal tensions mounted within Naftogaz during 2019 over the implementation of a transformation plan developed by Vitrenko's team. In early 2020, Vitrenko criticized Kobolev in front of the Naftogaz supervisory board.[35] In April 2020, Vitrenko was released from his post. He claims his departure was due to his uncompromising stance on corruption and his approach to relations with Gazprom, which allegedly created issues for the Ukrainian government in their negotiations with Russia over the ongoing conflict in eastern Ukraine. "They don't want me because I'm stubborn. I talk too much. I upset Gazprom,"! Vitrenko said in an interview with the Kyiv Post. “I upset this 'peace process' that they have. It's that simple.”[36]

Naftogaz reported a quarterly loss at the time of Vitrenko's departure[36] and remained loss-making until his return as CEO in 2021.[37] Vitrenko,[38] Kobolev[39][40] and members of the Naftogaz the supervisory board have continued to exchange criticism via the media.[41][42][43]

On 28 April 2021, the Cabinet of Ministers of Ukraine appointed Vitrenko as Chairman of the Board of Naftogaz for one year and on 26 April 2022 The Cabinet of Ministers of Ukraine extended the powers of Yuri Vitrenko as Chairman of the Board of Naftogaz of Ukraine until April 29, 2023.[44]

Acting Ukrainian Minister of Energy (2020–21)

In the final months of 2020, Vitrenko was invited to serve as Ukraine's Minister of Energy. At the time, he was being widely tipped as a potential future prime minister.[45] His candidacy as energy minister was blocked by MPs reputedly linked to Ukrainian oligarchs with interests in the energy sector including Firtash, Akhmetov, and Kolomoiskiy.[46][47] This obstruction helped drive government efforts to pursue policies of deoligarchization.[48] Facing obstacles in parliament, the Cabinet of Ministers appointed Vitrenko as Acting Minister of Energy. He remained in this post until his appointment as Naftogaz CEO in April 2021.[49]

As Ukraine's Acting Energy Minister, Vitrenko addressed the risk of blackouts due to record low coal reserves and delayed maintenance of Ukraine's nuclear power plants.[50] Ukraine managed to avoid blackouts by securing controversial electricity imports from Belarus.[51] Vitrenko was also criticised for his statement about the need to submit a complaint to the EU competition authority in order to force Gazprom to allow exports of natural gas by Russian producers independent from Gazprom, which was interpreted as an attempt to resume direct Russian gas imports to Ukraine.[52]

Rapid increases in retail prices on the recently deregulated gas market sparked widespread public protests[53] in early 2021. Arguing that market price fluctuations reflected abuses by dominant players including Gazprom and regional providers, Vitrenko advocated regulation. The Ukrainian authorities instead opted for a temporary price cap based on a proposal from Naftogaz management.[54]

Vitrenko's time in ministerial office witnessed steps toward the deoligarchization of the energy sector. Igor Kolomoiskiy lost informal control over Zenterenergo,[55] while Dmytro Firtash suffered setbacks in the retail gas market.[56][57] Vitrenko made integration into the EU electricity market a strategic priority for Ukraine.[58]

CEO of Naftogaz (2021–2022)

Yuriy Vitrenko was appointed CEO of Naftogaz in April 2021.[59] He was the first Naftogaz CEO with an extensive international professional background including an MBA from INSEAD Business School and roles at a number of leading global companies.[60] Vitrenko was able to reverse the losses reported by Naftogaz in 2020 and return the company to profitability in 2021.[61] Gas production also increased in 2021, ending a recent downward trend.[62]

Vitrenko identified his priorities as putting Naftogaz's modernization back on track by implementing international standards and becoming a driver of market reforms.[63][64] The previous management of Naftogaz and the supervisory board were critical of the measures adopted by Vitrenko,[65][66] as were a number of Ukrainian politicians.[67][68][69]

Even before his appointment as Naftogaz CEO, Vitrenko was a prominent international advocate of tougher sanctions policies toward Russia[70][71] including sanctions on the Nord Stream II pipeline project, which he warned would have major geopolitical implications if allowed to enter into service.[72] He was also a vocal supporter of Ukraine’s Euro-Atlantic integration and the further reform of the Ukrainian gas sector with a view to moving toward national energy security and sustainable development.[73]

Following his appointment as Naftogaz CEO, Vitrenko continued to call for a firmer international approach toward Russia and tougher sanctions on the Russian energy sector.[74][75][76][77] He has also played an active role in the national debate within Ukraine over the country’s post-war recovery.[78][79][80] Vitrenko is a member of The National Council for the Recovery of Ukraine[81] and a member of The International Working Group on Russian Sanctions, where he is responsible for advising on energy issues.[82]

Russian invasion and dismissal

During the first six months following the beginning of Russia's full-scale invasion of Ukraine on 24 February, 2022, Naftogaz increased its share Ukraine's overall tax revenues to one-third.[83] Vitrenko remained at his post in the Ukrainian capital during the Battle of Kyiv in the first months of the invasion.[84][85] A significant amount of Naftogaz assets were destroyed by the Russian military during the first six months of the invasion[86] while a number of company employees were killed.[87] Many more Naftogaz employees joined the Ukrainian military but the company managed to maintain stability in key business processes.[88]

Managing Naftogaz as Ukraine defended itself against the largest European invasion since World War II has proved hugely challenging. An article in Canada's The Globe and Mail stated that Vitrenko may have “the toughest job in the world.”[89]

According to a separate article in Bloomberg, “Vitrenko has been among top managers in Naftogaz for most of the period since 2014, when Russia cut off gas supplies to 'domestic market. Now he leads the company as Russian troops are targeting Ukrainian towns and cities, affecting gas supplies to the civilian population, though the Kremlin is cautious to preserve pipelines and pumping stations used to carry Russian gas through Ukraine to European customers.[90]

Upstream reported that Vitrenko “has shown great strength of character as the Ukrainian state oil and gas company continues to operate during the country's war with Russia. Even before the Russian invasion, Vitrenko had been a bulwark for Naftogaz guiding the producer and distributor through disputes with Russian gas giant Gazprom and domestic gas market reforms.[91]

The Cabinet of Ministers dismissed Vitrenko as CEO of Naftogaz on 1 November 2022 at his own request (his last working day was 3 November 2022).[92]

Personal life

Yuriy Vitrenko is a keen sportsman and football fan. As a child, he attended the Dynamo Kyiv Academy.

References

  1. ^ (in Ukrainian) The government appointed Vitrenko acting Minister of Energy, Ukrayinska Pravda (21 December 2020)
  2. ^ (in Ukrainian) The Rada appointed Galushchenko Minister of Energy, Ukrayinska Pravda (29 April 2021)
  3. ^ Shalal, Andrea; Polityuk, Pavel (2 September 2022). "Ukraine's Naftogaz hopes to supply Europe with gas for next heating season - CEO". Reuters. Retrieved 8 September 2022.
  4. ^ ANASTASIA ZHARIKOVA (1 November 2022). "Cabinet of Ministers dismisses Vitrenko as chairman of Naftogaz". Ekonomichna Pravda (in Ukrainian). Retrieved 1 November 2022.
  5. ^ "Скандальная Витренко заявила, что ее сын – проект спецслужб (видео)". Главком | Glavcom (in Russian). 4 August 2021. Retrieved 11 June 2023.
  6. ^ "Yuriy Vitrenko". World Economic Forum. Retrieved 27 October 2022.
  7. ^ "Юрій Вітренко: Ми зможемо провести зиму без російського газу". Українська правда (in Ukrainian). Retrieved 27 October 2022.
  8. ^ "Команда - AYA Capital". ayacapital.com. Retrieved 27 October 2022.
  9. ^ "Юрій Вітренко не коментує, що його компанія пропонувала викупити борги "Вугілля України" з дисконтом 70%". Економічна правда (in Ukrainian). Retrieved 27 October 2022.
  10. ^ Economic Reforms: Aren't we missing the point? (PDF). 2014.
  11. ^ "The case of NJSC Naftogaz of Ukraine: exclusive presentation of "Book of Reforms" on LvBS Alumni Leadership Day". Center for Leadership. 2 December 2019. Retrieved 27 October 2022.
  12. ^ "Україні конче необхідна ринкова ціна на газ". Економічна правда (in Ukrainian). Retrieved 27 October 2022.
  13. ^ "«Газовий» конфлікт-2009: об'єктивні причини та прогнози". Зеркало недели | Дзеркало тижня | Mirror Weekly. Retrieved 27 October 2022.
  14. ^ "Юрій Вітренко, головний радник голови правління Компанії, взяв участь у програмі телеканалу новин «24» | Нафтогаз". www.naftogaz.com (in Ukrainian). Retrieved 27 October 2022.
  15. ^ "Russia, Ukraine clinch final gas deal on gas transit to Europe". Reuters. 30 December 2019. Retrieved 27 October 2022.
  16. ^ "Марунич: Украина не получит обещанный реверсный газ". From-UA (in Russian). Retrieved 27 October 2022.
  17. ^ "Як вижити Україні без російського газу". LB.ua. Retrieved 27 October 2022.
  18. ^ "Тимошенко звинувачує уряд в придбанні дорогого газу з ЄС, "Нафтогаз" спростовує - FINBALANCE". finbalance.com.ua. Retrieved 27 October 2022.
  19. ^ "NATO Review - Russian-Ukrainian-EU gas conflict: who stands to lose most?". NATO Review. 9 May 2014. Retrieved 27 October 2022.
  20. ^ "NATO Review - Russian-Ukrainian-EU gas conflict: who stands to lose most?". NATO Review. 9 May 2014. Retrieved 27 October 2022.
  21. ^ "Annual Report 2021 Extended Presentation".
  22. ^ "The Gazprom-Naftogaz Stockholm Arbitration Awards" (PDF). IFRI. 13 March 2018.
  23. ^ Meredith, Sam. "Talks with Russia must prioritize Nord Stream 2 to deter Putin, Ukraine's Naftogaz CEO says". CNBC. Retrieved 27 October 2022.
  24. ^ Meredith, Sam. "Talks with Russia must prioritize Nord Stream 2 to deter Putin, Ukraine's Naftogaz CEO says". CNBC. Retrieved 27 October 2022.
  25. ^ "Україна відмовилася від усіх претензій до Газпрому і підписала контракт". BBC News Україна (in Ukrainian). Retrieved 27 October 2022.
  26. ^ "Зеленский позволил Путину навязать русский порядок дня – Геращенко о Нормандскую встречу - Прямой 10.12.2019". prm.ua (in Russian). Retrieved 27 October 2022.
  27. ^ "«ЄВРОПЕЙСЬКА СОЛІДАРНІСТЬ»: ПОНОВЛЕННЯ ПРЯМИХ ПОСТАВОК ГАЗУ З РОСІЇ – ЦЕ ПОВНА КАПІТУЛЯЦІЯ УКРАЇНИ, І НЕ ЛИШЕ В ЕНЕРГЕТИЧНІЙ СФЕРІ". 27 November 2019.
  28. ^ "У 2019 році чистий прибуток «Нафтогазу» виріс до 63,3 млрд грн". Mind.ua (in Ukrainian). Retrieved 27 October 2022.
  29. ^ "Гройсман розкритикував Нафтогаз за затягування реформи". www.ukrinform.ua (in Ukrainian). Retrieved 27 October 2022.
  30. ^ "Нова стратегія Путіна для України – світова преса". Радіо Свобода (in Ukrainian). Retrieved 27 October 2022.
  31. ^ andwrob (25 March 2017). "Naftogaz: A Good Start Has Slowed But Optimism Remains High". Emerging Europe. Retrieved 27 October 2022.
  32. ^ Иванович, Дмитрий (26 January 2021). "Владимир Гройсман: Юрий Витренко был идеологом Нафтогаза. Коболев – это так, сбоку стоял!". NewsWeek (in Ukrainian). Retrieved 27 October 2022.
  33. ^ "Команда - AYA Capital". ayacapital.com. Retrieved 27 October 2022.
  34. ^ "Юрій Вітренко зосередиться на відносинах з Газпромом та стратегії розвитку Укрнафти | Нафтогаз". www.naftogaz.com (in Ukrainian). Retrieved 27 October 2022.
  35. ^ "Переворот у "Нафтогазі": чи(м) кращий Вітренко за Коболєва?". Економічна правда (in Ukrainian). Retrieved 27 October 2022.
  36. ^ a b Bonner, Brian (13 May 2020). "Vitrenko: Naftogaz will suffer losses as oligarchs 'feel much more comfortable' - May. 13, 2020". Kyiv Post. Retrieved 27 October 2022.
  37. ^ "Чистий прибуток Нафтогазу в 2021 році склав 12 млрд грн, — оприлюднено фінансову звітність | Нафтогаз". www.naftogaz.com (in Ukrainian). Retrieved 27 October 2022.
  38. ^ "Багатомільйонні премії в Нафтогазі: Вітренко відповів на звинувачення голови наглядової ради". biz.nv.ua (in Ukrainian). Retrieved 27 October 2022.
  39. ^ "Андрій Коболєв: Грошей від «Нафтогазу» вже немає, і це скоро позначиться на кожному в країні". LB.ua. Retrieved 27 October 2022.
  40. ^ "Ексглава «Нафтогазу» Андрій Коболєв про обшуки в його будинку, про Зеленського, Жеваго та Фірташа. Інтервʼю — Forbes.ua". forbes.ua (in Ukrainian). 9 February 2022. Retrieved 27 October 2022.
  41. ^ "Юрий Витренко Для меня уволиться из "Нафтогаза" — как в отпуск уйти". Экономическая правда (in Russian). Retrieved 27 October 2022.
  42. ^ "Юрій Вітренко: У Коболєва є домовленості з Коломойським з 2014 року". Економічна правда (in Ukrainian). Retrieved 27 October 2022.
  43. ^ "Співкерівник "Нафтогазу" Отто Ватерландер: Не хочу бути частиною цієї нелегальної гри". Економічна правда (in Ukrainian). Retrieved 27 October 2022.
  44. ^ "Some issues of the Board of the joint-stock company "National Joint-Stock Company" Naftogaz of Ukraine "" (in Ukrainian). Cabinet of Ministers of Ukraine. 26 April 2022. Retrieved 29 May 2022.
  45. ^ "Meet the 4 Lead Candidates to Become Ukraine Prime Minister". en.hromadske.ua. Retrieved 27 October 2022.
  46. ^ Dickinson, Peter (30 January 2021). "The rejection of reformer Yuriy Vitrenko highlights Ukraine's broken politics". Atlantic Council. Retrieved 27 October 2022.
  47. ^ "Бізнес-акваріум: Коломойський і Фірташ проти Вітренка". The Page (in Ukrainian). Retrieved 27 October 2022.
  48. ^ "Ukraine president fights oligarch on home front as Russia threat looms". Financial Times. 19 December 2021. Retrieved 27 October 2022.
  49. ^ "Cabinet of Ministers has appointed a new Chairman of NJSC Naftogaz of Ukraine Board (updated)". 28 April 2021.
  50. ^ "Withdrawal of coal from Ukraine's energy mix should be accompanied by development of energy storage systems – Vitrenko". Interfax-Ukraine. Retrieved 27 October 2022.
  51. ^ Query, Alexander (3 November 2021). "Ukraine orders emergency electricity imports from Belarus, Slovakia - Nov. 03, 2021". Kyiv Post. Retrieved 27 October 2022.
  52. ^ "«Євросолідарність» про плани Вітренка відновити експорт газу з РФ: «Це червона лінія й капітуляція»«Євросолідарність» про плани Вітренка відновити експорт газу з РФ: «Це червона лінія й капітуляція»". Новини України - #Букви. 15 January 2021. Retrieved 27 October 2022.
  53. ^ "In Ukraine, anger over fuel poverty is bringing people out into the streets". openDemocracy. Retrieved 27 October 2022.
  54. ^ "Week's balance: Cabinet sets cap on gas prices, NBU keeps key rate unchanged, releases outlook for GDP fall in 2020". www.unian.info. Retrieved 27 October 2022.
  55. ^ Myroniuk, Anna (6 April 2021). "Investigation: A company linked to Kolomoisky embezzles Hr 370 million from Centrenergo".
  56. ^ Brugen, Isabel van (22 June 2022). "Ukrainian Dmytro Firtash, Allegedly Linked to Russian Mob, Loses Gas Empire". Newsweek. Retrieved 27 October 2022.
  57. ^ Bonner, Brian (11 January 2021). "Yuriy Vitrenko's days as acting energy minister are running out".
  58. ^ "Acting energy minister: Ukraine should integrate into ENTSO-E". www.ukrinform.net. Retrieved 27 October 2022.
  59. ^ "Cabinet of Ministers has appointed a new Chairman of NJSC Naftogaz of Ukraine Board (updated)". 28 April 2021.
  60. ^ "Management «Executive Board Structure» | Naftogaz". www.naftogaz.com. Retrieved 27 October 2022.
  61. ^ "Financial statements: Naftogaz net profit was UAH 12 billion in 2021 | Naftogaz". www.naftogaz.com. Retrieved 27 October 2022.
  62. ^ "In 2021, the Naftogaz Group commissioned 50 new wells at gas fields". 10 January 2021.
  63. ^ "Annual Report 2021 Extended Presentation". Naftogaz.
  64. ^ "Новий голова «Нафтогазу» Вітренко: «Ніхто не ставить під сумнів мою доброчесність»". Радіо Свобода (in Ukrainian). Retrieved 27 October 2022.
  65. ^ Sabadus, Aura. "BREAKING NEWS: Naftogaz supervisory board resigns amid strained relations with CEO". ICIS Explore. Retrieved 27 October 2022.
  66. ^ "Naftogaz top executive announces exit". Ukraine news - # Bukvy. 21 September 2021. Retrieved 27 October 2022.
  67. ^ "Нардеп Тищенко: Вітренко не керуватиме "Нафтогазом", він відповідатиме перед законом". gordonua.com. Retrieved 27 October 2022.
  68. ^ Костюченко, Роман (24 August 2022). "Ганьбить Зеленського та всіх українців: нардеп розкритикував голову Нафтогазу Вітренка. Деталі". OBOZREVATEL NEWS (in Ukrainian). Retrieved 27 October 2022.
  69. ^ "Yuriy Vitrenko: irreplaceable "Soros boy" and one of the architects of the tariff genocide of Ukrainians". klymenko-time.com. 22 June 2021. Retrieved 27 October 2022.
  70. ^ "Naftogaz elaborates on Ukraine's further steps if Nord Stream 2 not implemented". www.unian.info. Retrieved 27 October 2022.
  71. ^ "Russia weaponizing gas". POLITICO. 29 April 2019. Retrieved 27 October 2022.
  72. ^ "Газета «День»". Сторінку не знайдено (in Ukrainian). Retrieved 27 October 2022.
  73. ^ "The Government members presented the priorities in the main areas of the European Green Deal". 19 January 2021.
  74. ^ Full embargo on russia's energy sector - Yuriy Vitrenko on CNN, retrieved 27 October 2022
  75. ^ "Ukraine energy giant tells world 'don't buy Russian oil'". BBC News. 3 March 2022. Retrieved 27 October 2022.
  76. ^ Meredith, Sam. "OPEC is on the wrong side of history in sticking with Russia, Ukraine's Naftogaz CEO says". CNBC. Retrieved 27 October 2022.
  77. ^ "Ukraine energy chief urges European leaders to stay course over Russia war". Financial Times. 1 July 2022. Retrieved 27 October 2022.
  78. ^ "The war is forcing Ukraine's energy planners to be creative". The Economist. ISSN 0013-0613. Retrieved 27 October 2022.
  79. ^ "Ukraine's Naftogaz hopes to supply Europe with gas for next heating season - CEO". euronews. 3 September 2022. Retrieved 27 October 2022.
  80. ^ Gramer, Amy Mackinnon, Robbie. "Ukraine Wants a Lend-Lease Plan for Energy to Escape Russian Chokehold". Foreign Policy. Retrieved 27 October 2022.{{cite web}}: CS1 maint: multiple names: authors list (link)
  81. ^ "About the National Council for the Recovery of Ukraine from the War".
  82. ^ "Експертна група Єрмака-Макфола оприлюднила план, як негайно посилити санкції проти Росії". Зеркало недели | Дзеркало тижня | Mirror Weekly. Retrieved 27 October 2022.
  83. ^ "Annual Report 2021 Extended Presentation".
  84. ^ MacKinnon, Mark (6 July 2022). "Head of Ukraine's state-run energy company may have toughest job in the world". The Globe and Mail. Retrieved 27 October 2022.
  85. ^ Journal, Jenny Strasburg and Joe Wallace | Photographs by Serhii Korovayny for The Wall Street. "Ukraine's State Energy Company Keeps Russian Gas Flowing as War Rages". WSJ. Retrieved 27 October 2022.
  86. ^ "Exclusive: Naftogaz head speaks on challenges in the upcoming cold season". english.nv.ua. Retrieved 27 October 2022.
  87. ^ Waldman, Scott (3 May 2022). "21 utility workers have died in Ukraine war, gas CEO says". E&E News. Retrieved 27 October 2022.
  88. ^ Shalal, Andrea; Polityuk, Pavel (2 September 2022). "Ukraine's Naftogaz hopes to supply Europe with gas for next heating season - CEO". Reuters. Retrieved 27 October 2022.
  89. ^ MacKinnon, Mark (6 July 2022). "Head of Ukraine's state-run energy company may have toughest job in the world". The Globe and Mail. Retrieved 27 October 2022.
  90. ^ Krasnolutska, Daryna (15 July 2022). "Bloomberg - AUkraine Needs Up to $12 Billion to Boost Winter Gas Reserves". www.bloomberg.com. Retrieved 27 October 2022.
  91. ^ Afanasiev (58b00667a5209), Vladimir (18 March 2022). "Naftogaz's unsinkable helmsman | Upstream Online". Upstream Online | Latest oil and gas news. Retrieved 27 October 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
  92. ^ ANASTASIA ZHARIKOVA (1 November 2022). "Cabinet of Ministers dismisses Vitrenko as chairman of Naftogaz". Ekonomichna Pravda (in Ukrainian). Retrieved 1 November 2022.

External links

  • Official site AYA Capital
  • Executive Profile Yuriy Vitrenko on Bloomberg Businessweek[dead link]
  • Naftogaz Sees Radical Increase in Gas Price for Ukrainian Homes
  • Юрий Витренко: Непослушный сын (in Russian)
  • Юрій Вітренко: Ми зможемо провести зиму без російського газу (in Ukrainian)
  • План Маршалла для України (in Ukrainian)
  • YURIY VITRENKO'S LIBRARY https://www.vitrenkolibrary.com/en/