On February 20, a subsidiary of the companies, Swiss Axpo Trading and Luxembourg Axpo International, opened in Ukraine.
The registered capital of Axpo Ukraine is UAH 28.9 million ($1.7 million). Hlib Tymofiiuk was appointed as the CEO. The company will supply natural gas.
Axpo Trading started delivering to Ukraine in 2014. The first buyer of its resources was the state-owned NJSC Naftogaz of Ukraine.