Naftogaz CEO claims the company will shortly exit default.

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Naftogaz CEO said the company is attempting to resolve its debt default issues promptly.

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Oleksiy Chernyshov told CNBC's Hadley Gamble at the WEF in Davos on Tuesday that he is finishing the company's turnaround.

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Chernyshov stated, “By the end of this month, we're planning to find the agreed solicitation with our bondholders to restructure.

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“This is happening now quite intensively. My plan within two weeks is to finalize this process.”

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Naftogaz was the first Ukrainian government-owned company to default since Russia invaded in February.

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Last year, the business alleged Naftogaz Eurobond holders' payment deadline expired on July 26 without payment.

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Chernyshov stated that his role as CEO of Naftogaz is to ensure the country's natural gas production.

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