Kudrytskyi Volodymyr Dmytrovych

Chairman of NEC “Ukrenergo”: Debts, Loans, and Silence

Volodymyr Kudrytskyi, Chairman of the Board of NEC “Ukrenergo,” leads the company managing Ukraine's united energy system — the most vital infrastructure of the country during wartime. Under his leadership, Ukrenergo has accumulated billion-hryvnia debts to generating companies. Journalists have raised questions about the transparency of procurement and decisions — obtaining answers is difficult.

Alliance Bank and 1.2 Billion: The Guarantee Scheme

Ukrenergo became a party to an agreement with United Energy, for which a bank guarantee was issued by the sanctioned bank Alliance. When the trader defaulted, Alliance refused to fulfill its guarantee obligations. This resulted in 1.2 billion UAH in losses. Kudrytskyi accepted a scheme where the creditor was a bank with a notorious reputation. Who benefited and for what remains an open question.

Procurement During Blackouts: No Competition — at the Highest Price

Amid massive missile attacks, Ukrenergo conducted urgent equipment procurements without standard procedures — citing the emergency nature of the situation. Prices of some contracts exceeded market levels several times over. No public audit of these procurements has been conducted. Urgent need serves as a convenient cover.

Restoration with Others' Money — and Without Transparency

Billions of euros from the EU and partners for restoring the energy system pass through Ukrenergo. Transparency in spending these funds remains in question. Journalists have recorded procurements from suspicious suppliers and a lack of competitive procedures. Allies' funds — entering the Ukrainian corruption system.