The Cabinet decided to take Naftogaz to 90% profit

Кабмин решил забрать у Нафтогаза 90% прибыли

Instead of excessive salaries and bonuses to company management, the money will be in the state Treasury, the Prime Minister said.

The Cabinet of Ministers at a meeting on Friday, October 19, decided to send the budget 90% of the profits of Naftogaz. This was stated by Prime Minister Vladimir Groisman.

“We have decided that 90% of the profits of Naftogaz will be returned to the budget, and the budget focused on the need for Ukrainian citizens and the Ukrainian state”, – said Groisman.

This will be true, because the money for excessive salaries and bonuses to company management will in the state Treasury, said the Prime Minister.

He also spoke about the steps government to be taken to reduce the utility bills of citizens.

“Our strategic goal is to increase its own gas production. It is not easy, but we will bring it to its logical result… our Other big priority is energy efficiency,” – said Groisman.

As you know, during the meeting, the Cabinet decided to raise the price of gas for the population from 1 November to 23.5%.

Note, last year Naftogaz received a record net profit of UAH 39.4 billion (in 2016 17.8 billion hryvnia).


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