NOVAK GETS SUPERVISION OVER ENERGY GIANTS

SOURCE: GOVERNMENT.RU

14 December 2020 NOVAK GETS SUPERVISION OVER ENERGY GIANTS

Although Alexander Novak stepped down as Russia’s energy minister in November, he will still control Russia’s biggest oil and gas companies as a new deputy prime minister. Prime Minister Mikhail Mishustin approved a new division of powers in his cabinet to distribute control of some state businesses between deputy prime ministers.

According to it, deputy Prime Minister Alexander Novak will supervise such companies as Gazprom, Rosneft, Transneft, Rosneftegaz, Zarubezhneft, Rosetti, FSK JES, Inter RAO, CO JES, and Rosharubezhneft. Novak was granted a power of attorney to accept directives for government officials in these companies. On November 13, Prime Minister Mikhail Mishustin divided responsibilities between his deputies. Former energy minister Alexander Novak will be responsible for energy issues, earlier overseen by Yury Borisov. Under Mishustin’s decision, Novak’s purview would include the supervision over state-run nuclear company Rosatom. Any issues on the development of state defense