Kiev—Ukraine should consider spinning off the upstream oil and gas assets of its state energy company Naftogaz Ukrayiny in a public offering as part of moves to curb corruption by opening its balance sheet to public scrutiny, the newly appointed head of the company said Wednesday. Andriy Kobolev, appointed by the government Wednesday to replace Yevhen Bakulin, said an initial public offering would help the cash-strapped government raise money and help make the company more transparent.
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