Ukraine Appoints New Supervisory Board For State Gas Giant

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Ukraine has appointed a new supervisory board to oversee the state-owned natural gas monopoly Naftogaz, Prime Minister Denys Shmyhal said on January 24, meeting a requirement of a financial assistance program from the International Monetary Fund. Shmyhal told a government meeting that the new board consisted of four independent members and two representatives of the state, according to a video of the meeting posted on his Telegram channel. Ukraine's economy is heavily dependent on foreign aid since Russia launched a full-scale invasion of the country on February 24. To read the original story by Reuters, click here.