Ivan Poltavets, managing partner, “Stober, Poltavets & Associates”, on electricity market reform in Ukraine.
The article by Ivan Poltavets, managing parter of SP&A, published on Reform.Energy portal outlines the the main tasks to be tackled to minimize the the risks for Ukraine’s electricity system.
Ukraine Gas Market Brief
We are doing this for a number of reasons:
First, there are plenty of untold stories about this process – stories that are never heard outside the small expert community. Reforms have been pushed out of the news agenda, as other, and more negative, developments, have dominated Ukraine business headlines for the past two years.
Second, the progress and the changed market dynamics in Ukraine’s gas trade are probably the best examples of how the country has turned towards the west. From being more or less 100% dependent on Russian gas imports to satisfy industrial and private consumption, its total imports are now from European partners. Moreover, international financial institutions have been deeply involved in shaping up the market environment, and there are many parallel conversations going on, which will ultimately have an important impact on the opportunities to do business in the Ukrainian gas sector. We believe it is important to have a central place from which to follow this process.
Finally, then there is the question of privatisation and governance. Naftogaz – the local gas behemoth – is facing increasing pressure to reform its corporate governance structure, and privatisation is high on the agenda. With this entire process going on we think that foreign observers, investors, and business partners, would do well to monitor developments closely. We are happy to schedule calls to clients, to discuss specific matters.
Stober, Poltavets & Associates in new partnership with the Fipra Network
Stober, Poltavets & Associates will advise Fipra’s global clients on Ukrainian regulatory policy and business development, including how to take advantage of the European Union-Ukraine Free Trade Area. The move will also better enable the agency to assist Ukrainian clients with international outreach across major EU and other jurisdictions.
The Fipra Ukraine unit within Stober, Poltavets & Associates is managed by Ivan Poltavets – a Ukrainian national with a long experience of public affairs. Commenting the new agreement Ivan Poltavets said, ”To be the Member of this great Network for Ukraine is an international endorsement of our professionalism. We continue to be dedicated to providing the highest standards of public affairs services for our clients and look forward to expanding these relationships together with Fipra.”
In addition, James Wilson, Fipra’s long standing Special Advisor in Ukraine is appointed as a Partner in the agency alongside Marcus Stober and Ivan Poltavets. James Wilson, himself a Founding Director of the EU Ukraine Business Council, was Head of International Government Relations for the InterContinental Hotels Group and is a former trade negotiator of the Government of Hong Kong.
Commenting on the new Fipra Ukraine team, Peter-Carlo Lehrell, Chairman of the Fipra Network said “We are very pleased to increase our capabilities in Ukraine by joining our teams and providing greater global reach for our new partners. We look forward to delivering the best government relations services for companies in both Ukraine and the region.”