You're reading: Cherkasygaz to be returned to state ownership

The National Security and Defense Council (NSDC) issued a protocol instruction to return Cherkasygaz to state ownership, council’s Secretary Oleksiy Danilov said.

“We considered returning the Cherkasygaz enterprise to state ownership, there was a report from the Energy Minister on this matter, and a protocol instruction was adopted regarding the return of this enterprise to state ownership, which the government was illegally deprived of through fraudulent manipulations,” Danilov said during a briefing on the results of the NSDC meeting on Aug. 20.

“An instruction has been given to carry out measures to return the state-owned block of shares in Cherkasygaz, to identify the perpetrators and to reimburse the losses brought to the government, as well as to establish control over Cherkasygaz,” the NSDC secretary said.

According to him, the NSDC took into account the information of Energy Minister Herman Haluschenko and Head of Naftogaz Ukrainy Yuriy Vitrenko about the loss of the government controlling stake in the enterprise, and also instructed the Cabinet of Ministers, together with the the SBU, SBI with the participation of the PGO and NABU within a month to verify the circumstances of this loss.