The fuel and energy-related industries are allegedly corrupted areas of the Ukrainian economy, a recent report suggests. According to the National Anti-Corruption Bureau of Ukraine (NABU), the damages amount to UAH 20 billion (€650 million).
“Out of that damage caused to state enterprises due to corruption offences investigated by NABU, UAH 11.8 billion are losses of the companies operating in the fuel and energy industry. For example, this amount of damage is compatible with the need of the Ministry of Defence of Ukraine for additional financing in 2017,” NABU’s director Artem Sytnyk tells Emerging Europe.
The oil and gas …read more
Source: Emerging Europe