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Zelenskyy nominates Naftogaz chief Koretsky as Ukraine's PM

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Zelenskyy nominates Naftogaz chief Koretsky as Ukraine's PM

Ukrainian President Volodymyr Zelenskyy nominated Naftogaz CEO Sergiy Koretsky as prime minister on July 16. The nomination requires parliamentary approval.

The Nomination

President Volodymyr Zelenskyy on July 16 nominated Sergiy Koretsky, CEO of state energy giant Naftogaz, as Ukraine's next prime minister. The announcement was made via a presidential decree published on the official website. Koretsky, 45, has led Naftogaz since 2023 and previously served as deputy energy minister.

Parliamentary Approval

The nomination now goes to the Verkhovna Rada, which must approve it by a simple majority. Zelenskyy's Servant of the People party holds 235 of 450 seats, enough to secure confirmation. A vote is expected within days, according to presidential advisor Mykhailo Podolyak.

Koretsky's Background

Koretsky holds a master's degree in economics from Kyiv National University and an MBA from Stanford. He oversaw Naftogaz's restructuring and debt refinancing, cutting the company's losses by 40% in 2024. His appointment would mark the first time a energy-sector executive leads the government.

What's Next

The Rada is set to vote on Koretsky's candidacy on July 18. It remains unclear whether opposition factions will support him, given his close ties to the president.

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Zelenskyy nominates Naftogaz chief Koretsky as Ukraine's PM