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Ukraine denies Gazprom’s appeal on court’s decision
15:18, 16 May 2017
Ukraine denies Gazprom’s appeal on court’s decision

The Anti-Monopoly Committee of Ukraine and the Ukrainian court ruled that the Russia’s largest gas enterprise abused power

15:18, 16 May 2017

"Vedomosti"

The Supreme Commercial Court of Ukraine denied the cassation of Russian state-run company Gazprom; the Anti-Monopoly Committee of Ukraine ruled that the Russian gas monopolist abused power. Under the December 2016 and February 2017 court decisions, Gazprom is to pay fine in the amount of USD 6.7 billion.

The Russian gas company received the notification about the decision by the Ukrainian court on March 4, 2016; that is, Gazprom was supposed to pay fire by May 4, 2016.

In April 2016, the Russian side asked the Supreme Commercial Court of Ukraine to hold the Committee’s decision invalid. However, the court did not even consider Gazprom’s appeal.

Related: Decision in Naftogaz-Gazprom case to be announced today in Stockholm

Related: Gazprom raises money claim to Naftogaz in Stockholm court to $37 million

Related: Ukraine’s Anti-Monopoly Committee ordered enforcement service to recover $6.4 billion of fines and penalties from Gazprom

Related: Gazprom admits gas price increase to Europe by 10%

Related: Kyiv Court of Appeal ordered Gazprom to pay $6.4 billion fines and penalties

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