The supervisory board of the Ukrainian Railways public joint-stock company (Ukrzaliznytsia) that the Cabinet of Ministers approved on June 20 began work on July 17, the CFTS portal reports, citing information from Ukrzaliznytsia.

According to the information, the supervisory board held its first meeting on July 17 to consider a number of organizational issues.

The items on the agenda of the meeting included election of the chairperson, deputy chairperson, and secretary of the supervisory board.

In accordance with the new legislation, Ukrzaliznytsia’s supervisory board performs oversight and regulatory functions in addition to being a full-fledged governing body.

Ukrzaliznytsia’s head Yevhen Kravtsov and members of the company’s supervisory board visited the Kyiv Passenger locomotive depot, inspected the progress of construction of freight cars at the Darnytsia railcar repair plant, and inspected the progress of implementation of a project for construction of a high-speed railway line between Kyiv and the Boryspil international airport on Tuesday.

The independent members of Ukrzaliznytsia’s supervisory board are Anders Aslund (a resident senior fellow at the Atlantic Council), Sevki Acuner (a former EBRD country director for Ukraine), Christian Kuhn (a member of the Lithuanian Railways’ supervisory board and a board member of Kazakhstan Railways), and Mathieu Andreas (a former senior adviser to the Austrian-based OMV oil company). 

The Cabinet of Ministers approved the following as the government’s representatives on Ukrzaliznytsia’s supervisory board: Daniel Bilak (the director of the UkraineInvest investment promotion agency), Kostiantyn Marievych (a deputy prime minister’s chief of staff and a member of PJSC Trunk Gas Pipelines of Ukraine’s supervisory board), and Ivan Yurik (a former head of the Blackstone company’s Ukrainian office).