Oleksandr Vedeneiev was fired from Naftogaz

Oleksandr Vedeneev, head of the market research department, has left his position at Naftogaz of Ukraine NJSC. According to media reports, he received a notice of staff reduction on July 30, so October 1 was the last day of his work for the company. Other members of the market research department were also reduced or transferred to other divisions of the company.

According to media reports, Oleksandr Vedeneev was one of the key members of Yuriy Vitrenko’s team, which ensured Naftogaz’s victory in the Stockholm arbitration against Gazprom. In particular, he was responsible for the development of economic arguments, analytical calculations and financial modelling in arbitration proceedings. When signing the new transit contract between Naftogaz and Gazprom for 2020-2024, Oleksandr’s team was responsible for analytical support of the Ukrainian side during negotiations in bilateral and trilateral formats, and before that it was engaged in the economic justification of Naftogaz’s claims for USD 12.2 billion in arbitration for the revision of the gas transit tariff rate initiated in March 2018.

The agreement to sign a new contract for gas transit on the terms of “transport or pay” was primarily due to the rejection of the above-mentioned claims of Naftogaz.

In 2017-2020, Vedeneev’s team also worked on the economic justification of Naftogaz’s claims for compensation for the value of assets expropriated by Russia in Crimea (in the amount of USD 9 billion), but after the liquidation of the Department, responsibility for successful hearings in this case in November this year passes to Lana Zerkal’s team.

13:55 / 1 October, 2020

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