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Court prohibits Nord Stream and Nord Stream 2 companies to pay Gazprom

The decision was made as an interim measure on the suit of Naftogaz-Ukraine company
11:50, 10 November 2018

Open source

The Court of Switzerland prohibited the companies Nord Stream AG and Nord Stream 2 AG to make any payments to Gazprom. The Russian gas monopolist reported this in the prospectus for the issue of Eurobonds, Deutsche Welle reports. 

The decision was taken as a provisional measure in response to the claim of Naftogaz-Ukraine company.

Related: Naftogaz-Ukraine chairman receives award from Patriarch Filaret

The document says that as a result of the court decision, all payments from these companies to Gazprom are directed to Swiss bailiffs. 

Earlier, it was reported that Naftogaz Ukraine would send 90% of its income to Ukraine’s state budget, as the Prime Minister Volodymyr Groysman said at the session of the Cabinet of Ministers. 

Related: Ukraine's Naftogaz’s claims against Russian Gazprom exceed $12 billion

Naftogaz supervisory board decided to pay bonuses amounting $46,3 billion to the workers who 'worked hard in Stockholm Arbitration in dispute with Gazprom concerning the transit contract'. 

Later, Ukraine’s Prosecutor General Office opened a criminal proceeding on payment of bonuses to Naftogaz board.  

Related: HIGHLIGHTS OF THE WEEK: NOV. 5 – NOV. 9

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