Ukraine detains ex-powergrid chief on fraud suspicion

Ukraine detains ex-powergrid chief on fraud suspicion
Ukraine’s state energy former operator chief Volodymyr Kudrytsky suspected of embezzlement was ordered to be kept in detention by a Kyiv court Wednesday, stoking fears of political interference as the country enters its fourth war winter. (X/@tvtoront)
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Updated 05 November 2025
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Ukraine detains ex-powergrid chief on fraud suspicion

Ukraine detains ex-powergrid chief on fraud suspicion
  • The ruling comes months after President Volodymyr Zelensky failed to curb the power of anti-corruption agencies
  • Kudrytsky will spend two months in pre-trail detention unless he comes up with a $300,000 bail

KYIV: A former Ukrainian state energy operator chief suspected of embezzlement was ordered to be kept in detention by a Kyiv court Wednesday, stoking fears of political interference as the country enters its fourth war winter.
The ruling comes months after President Volodymyr Zelensky failed to curb the power of anti-corruption agencies, with critics saying the government may resort to more covert means of exerting pressure on political opponents.
Volodymyr Kudrytsky, a former head of Ukraine’s state energy company Ukrenergo, who had been sacked last year, is accused of participating in embezzling 13.7 million hryvnias ($327,000) in 2018, the prosecutors said.
The Pechersk District court in Kyiv on Wednesday ruled “to apply to Volodymyr Dmytrovych Kudrytsky ... a preventive measure in the form of detention,” a judge said.
He will spend two months in pre-trail detention unless he comes up with a $300,000 bail.
Kudrytsky called the ruling “absurd and unfounded,” according to the Ukrainska Pravda newspaper.
Head of Ukraine’s parliament anti-corruption committee Anastasia Radina said on social media that “as of now, the case appears to be nothing more than pressure” against Kudrytsky.
According to Ukrainian media, Radina and a few other lawmakers said they were ready to guarantee Kudrytsky’s bail.
Kudrytsky had overseen Ukraine’s electricity grid since 2020, including in the crucial years of the Russian invasion that has put the country’s energy infrastructure under immense pressure.
But he was suddenly dismissed last year in a move denounced as politically motivated by some members of the company’s board.
This year’s Russian campaign against Ukrainian energy infrastructure is especially harsh, with media reporting that strikes maybe halted 60 percent of Kyiv’s natural gas production, a predominant fuel for heating in the country.


EU funnels fresh money to Ukraine for Naftogaz

EU funnels fresh money to Ukraine for Naftogaz
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EU funnels fresh money to Ukraine for Naftogaz

EU funnels fresh money to Ukraine for Naftogaz
  • Ukrainian gas imports have risen as the war with Russia batters the country’s energy system
  • An EU grant would provide $127m of additional funding to Naftogaz

WARSAW: Europe’s top development banks and Ukrainian energy firm Naftogaz signed a deal on Thursday to provide hundreds of millions of euros to secure Ukraine’s natural gas supply amid the ongoing attacks on its infrastructure by Russia.
Ukrainian gas imports have risen as the war with Russia batters the country’s energy system. Norway announced earlier this year that it would provide financing for Ukrainian purchases of its natural gas.
In a statement the EIB, the EU’s lending arm, said an EU grant would provide 127 million euros ($127 million) of additional funding to Naftogaz on top of a 300 billion euro loan it outlined last month.
A further 25 million euro grant is to be provided to improve Ukraine’s drinking water and wastewater treatment systems, and another 50 million euros has been extended to support an EIB-approved social housing reconstruction loan.
Ukraine’s energy sector has come into sharp focus in recent days amid a probe into an alleged $100 million corruption scheme that has already seen moves by the government to dismiss two of the country’s cabinet ministers.
The graft scandal centers around an alleged plot to control procurement at nuclear agency Energoatom and other state enterprises. No other firms have been identified in connection with the corruption scandal.