Yevgen Lyashchenko appointed Chairman of the Ukrainian Railways board

The new leader faces the task of continuing the reform of UZ

By order of the Cabinet of Ministers, on the proposal of the Supervisory Board, Yevgen Lyashchenko was appointed Chairman of Ukrainian Railways (UZ) board for a period of two years. Minister of Infrastructure Alexander Kubrakov informed about it on his Facebook page.

Prior to this appointment, Lyashchenko served as a member of UZ board and was responsible for the financial block of issues in the company.

According to Kubrakov, during the year of the full-scale invasion of the Russian Federation with the participation of Yevgen Lyashchenko, a number of changes were introduced to the UZ.

“First of all, this is the transition to direct contacts with producers of energy resources: oil products, electricity, gas. These decisions collectively saved the state billions of hryvnias. Another important achievement was the postponement of payments on two issues of Eurobonds for a total of $895 million. In particular, these and several other management decisions helped maintain the financial stability of Ukrzaliznytsia over the past two years. In a practical field, this means supporting the defense capability and economy of a belligerent state. And what is no less important is the stable payment of salaries to railway workers,” said the Minister of Infrastructure.

Alexander Kubrakov also noted three key tasks that Yevgen Lyashchenko faces.

• Continuation of the reform of UZ, namely the allocation of separate business verticals in accordance with the field of activity (passenger, freight, production and infrastructure), compliance with European legislation.
• Implementation of the investment program – the development of export routes and the creation of the necessary infrastructure, the electrification of the necessary railway sections.
• The company’s exit to break-even (a plan of necessary measures has already been adopted).

As GMK Center reported earlier, on the eve, the ex-head of UZ board Oleksandr Kamyshin became a new Minister for Strategic Industries. According to Dmitry Kysylevsky, deputy chairman of the Verkhovna Rada Parliamentary Committee on Economic Development, Kamyshin will try to restart the Ministry of Strategic Industry and fill the work of the ministry with real content.