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Verkhovna Rada Appoints Serhiy Koretskyi as Ukraine’s New Prime Minister

Verkhovna Rada Appoints Serhiy Koretskyi as Ukraine’s New Prime Minister

16.07.2026 12:27

The Ukrainian Parliament has voted to appoint Serhiy Koretskyi—former head of Naftogaz of Ukraine, Ukrnafta, and Ukrtatnafta—as Prime Minister of Ukraine.

The resolution received 289 votes in favor.

According to sources within government circles, Koretskyi’s established reputation as an effective crisis manager was the key factor in President Volodymyr Zelenskyy’s decision to put forward his candidacy.

Key Priorities for the New Government

Among the immediate tasks set by the President and outlined by Koretskyi during his address to Parliament are:

  • Preparation for the Heating Season: Protecting energy and fuel infrastructure amidst expectations of the most challenging winter since the start of the full-scale war.

  • Defense and the Military-Industrial Complex: Fully supplying the Defense Forces and expanding domestic defense production capabilities.

  • Social Protection: Supporting the population—focusing primarily on frontline communities—and implementing national housing programs.

  • Economy and Finance: Assisting businesses to ensure economic stability, deepening cooperation with international partners, and managing incoming financial aid efficiently.

Track Record in Business and the Public Sector

Serhiy Koretskyi brings a non-traditional background to Ukrainian politics, having spent over two decades in the private sector without building a career through political parties.

  • WOG and Continuium Group: Starting as a security guard in the late 1990s, he advanced to CEO of Continuium Group’s management company and General Director of the WOG filling station network.

  • Entrepreneurship: After leaving WOG in 2018, he co-founded the Swiss trading company Centurion Group SA and the Idealist Coffee Co. chain.

  • Ukrnafta and Ukrtatnafta: Appointed to lead both strategic assets in November 2022 following their transfer to state ownership. Under his management, the former Privat Group assets transitioned from chronic losses to record profitability, expanding production and tax contributions.

  • Naftogaz of Ukraine: Selected to lead the state energy giant in spring 2025 following a competitive selection process. During his tenure, Naftogaz replenished natural gas reserves to over 13 billion cubic meters using internal revenues and €1.57 billion in financing from the EBRD, EIB, and state-owned banks.