Decision on Ukrnafta's reorganization depends on Finance Ministry, Fiscal Service – Naftogaz head

Delaying the decision to reorganize public joint-stock company Ukrnafta depends on the position of the Finance Ministry and the State Fiscal Service, Naftogaz Ukrainy Head Andriy Kobolev told reporters in Kyiv on Wednesday.

"We are engaged in difficult talks with the Finance Ministry and the Fiscal Service. The date of the meeting [of the supervisory board] and potential decisions that could be made depend on the position of these agencies," he said.

A meeting of the supervisory board of Ukrnafta, scheduled for March 28, has been postponed. The date of the rescheduled meeting has not been determined. There had been plans to discuss the company's financial position and the possibility of reorganization.

Ukrnafta's debt to the national budget in taxes and fees exceeds UAH 10.2 billion.