Naftogaz CEO says the Ukrainian state energy giant will be out of default soon

The CEO of Ukrainian authorities vigor elephantine Naftogaz said the institution is moving toward resolving its indebtedness default problems quickly.

Yuriy Vitrenko told CNBC's Hadley Gamble astatine the World Economic Forum successful Davos connected Tuesday that helium is successful the last stages of getting the institution backmost connected track.

"By the extremity of this month, we're readying to find the consent solicitation with our bondholders to restructure," Vitrenko said. "This is happening present rather intensively. My program wrong 2 weeks is to finalize this process."

Naftogaz was the archetypal Ukrainian government-owned entity to default since Russia invaded the state successful February. 

Last year, the institution said the deadline for payments to holders of Naftogaz Eurobonds expired connected July 26 without outgo taking place.

"As this nonaccomplishment to conscionable its Eurobond obligations efficaciously deprives Naftogaz of entree to planetary superior markets, the Cabinet of Ministers arsenic the liable enactment present assumes afloat work for raising the funds indispensable for the import of earthy state for the 2022-2023 heating season," the institution said.

Vitrenko said arsenic CEO of Naftogaz his work is to unafraid accumulation of earthy state successful the country, "meaning facilitation and information of backstage producers to nutrient much and that's what we're doing," helium noted.

"Naftogaz volition bargain from backstage producers that nutrient state connected the marketplace basal price. Yeah, my task is to summation the accumulation of earthy state successful Ukraine."