Volodymyr Zelensky has announced a reform of state-run energy companies, in an attempt to address the corruption scandals that have engulfed the sector hit by Russian attacks. “We are starting the reform of crucial state-owned companies in the energy sector,” the Ukrainian president wrote on X. “Along with a comprehensive audit of their financial activities, the management of these companies will be overhauled.”

According to anti-corruption investigation agencies leading what is called Operation Midas, approximately $100 million has been stolen from the energy sector. In recent days, Zelensky forced the resignations of Energy Minister Svitlana Grynchuk and Justice Minister German Galushchenko. He also imposed sanctions against businessman Timor Mindich, his close friend and former associate, who is considered the mastermind behind the bribery ring and has already left the country.

Among the measures announced today by Zelensky is the creation of a new supervisory board at Energoatom, the state-owned nuclear company at the center of the scandal, which"within a week" must be able to "completely reform the company's management." The Ukrainian president also called for the swift appointment of a new head of the hydroelectric company Ukrhydroenergo and other reforms for the oil and gas giant Naftogaz. Zelensky finally reiterated his and the government's commitment to fully cooperate with the anti-corruption investigation:"I have instructed government officials to maintain constant and meaningful contact with law enforcement and anti-corruption bodies," he stated."Full transparency and integrity in the energy sector remains an absolute priority."