Renewable Energy

Energy and Oil & Gas Industry

Ukraine’s energy system is a critical component of its economic stability and national security. The industry powers essential infrastructure and production, contributes to macroeconomic sustainability, and strengthens Ukraine’s geopolitical positioning.

The sector comprises:

  • A diverse mix of nuclear, thermal, hydropower, and renewable energy
  • A full-cycle oil & gas value chain, including extraction, transportation, refining, storage, and distribution

Key challenges in the current environment:

  • Increasing regulatory burden from NEURC, Ministry of Energy, State Tax Service, and Environmental Inspectorate
  • Pressure to comply with environmental standards and produce ESG reporting
  • Logistical disruptions, geopolitical risk, and supply chain instability
  • The impact of tariff regulation on financial modelling and forecasting
  • Growing demand for transparency in the use of public and donor funding

In this context, companies require expert support grounded in both industry-specific practices and international regulatory standards.

Parker Russell UA, a member of the global Parker Russell International network, delivers integrated audit, tax, legal, ESG, and strategic advisory services to enterprises operating in Ukraine’s energy and oil & gas sectors. We provide end-to-end support for infrastructure operators, extractive companies, utilities, and energy traders — from project development and licensing to financial reporting, investment readiness, and regulatory compliance.

Solar,Panels,Installed,In,The,Green,Forest,Clean,Alternative,Energy

Our Services for Energy and Oil & Gas Enterprises

Audit and Regulatory Reporting
  • Audit of financial statements in accordance with IFRS
  • Special-purpose audits for state-funded and donor-backed projects
  • Operational efficiency assessments and internal control evaluations
  • Development of financial models for infrastructure and energy investment projects
  • Cost, profitability, and business process analysis
  • Preparation of budgets, cash flow forecasts, and break-even scenarios
  • Guidance on industry-specific tax incentives, special tax regimes, and VAT treatment
  • Structuring of relationships with non-resident contractors and service providers
  • Representation during tax audits, support in disputes, and regulatory reviews
  • Licensing advisory and legal due diligence of permits, subsoil rights, and compliance documentation
  • Legal support in energy and commodity trading agreements, PPA, and supply contracts
  • Support in M&A transactions, asset reviews, and regulatory submissions
  • Implementation of ESG policies and preparation of sustainability disclosures
  • Anti-corruption audits and assessment of compliance risks
  • Design of monitoring systems for environmental and operational risks (aligned with ISO, UN SDGs, and EU Green Deal)

Why Clients Choose Parker Russell UA?

Sector-Specific Expertise

We advise companies across the full energy spectrum — from extraction and production to transmission, distribution, and trading.

End-to-End Project Support

We accompany clients through every phase — from project initiation and financial planning to regulatory reportingand investor engagement.

Regulatory and Legal Proficiency

We navigate the complexities of Ukrainian energy law, international frameworks, and donor compliance requirements.

Transparency and Accountability

We help clients meet the expectations of investorsstate regulators, and global partners for clarity, auditability, and sustainable governance.

Global Trust, Local Knowledge

With a presence in over 75 countries, Parker Russell International brings global credibility to Ukrainian energy projects and institutional investment engagement.

Contact us today

To develop a well-documented, compliant, and future-ready international structure tailored to your business strategy.

Contact us today

To develop a well-documented, compliant, and future-ready international structure tailored to your business strategy.

Fill in all required fields. The application has been sent.

Cookies are used on our site to help give you the best user experience possible and to provide a level of enhanced functionality. If you continue viewing the site without changing your settings, we will assume you are happy to receive all cookies. Your cookie settings can be changed at any time by using the guidelines in our cookie policy. You can also click on the information button for further details.