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. Last Updated: 07/27/2016

Chubais: Voloshin Can Stay at UES

Shareholders in Unified Energy Systems have approved a plan to keep the former Kremlin chief of staff Alexander Voloshin as the utility's chairman, CEO Anatoly Chubais said in a newspaper interview published Tuesday.

"The idea has been supported by nearly all the shareholders, and now it is up to Alexander Stalevich to decide whether he will accept the offer," Chubais told government-owned daily Rossiiskaya Gazeta.

"The main thing is that the idea has reached the stage where his spot is ready for him if he says yes."

Voloshin, seen as an ally of Russia's billionaires, was released from his Kremlin post after media reports that he resigned over the arrest of Yukos CEO Mikhail Khodorkovsky last month.

Voloshin led the government contingent on the board of the state utility and some analysts have even called him an ideologue of the massive reform underway at UES, which will eventually see the monopoly broken up ahead of deregulation.

Some analysts have said keeping Voloshin as chairman would help keep the reform moving, even though he has officially lost his Kremlin influence.