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Dutch court arrests 100% of shares of company responsible for Turkish Stream construction

Source : 112 Ukraine

The court arrested the shares of the company due to the consideration of the case on Gazprom’s fraud
18:01, 25 October 2019

112 Agency

District court of Amsterdam arrested 100% of the shares of South Stream Transport BV Company that is responsible for the construction and management of Turkish Stream gas pipeline as Executive Director of Naftogaz Yuriy Vitrenko on Facebook.

“On October 23, 2019, the District court of Amsterdam arrested 100$ of the share of South Stream Transport BV, which, by the way, is responsible for the construction and management of Turkish Stream,” the message said.

Related: US cautious of Russia’s undermining Ukraine through Nord Stream-2 and Turkish Stream

According to Vitrenko, the court arrested the shares of the company due to the consideration of the case on the fraud committed by the Russian energy company Gazprom.

“It was made due to the consideration of the case on fraud of Gazprom during the pass of these shares to Transgaz Krasnodar LLC Company a day before the officers of the court started to freeze the assets of Gazprom in the Netherlands on the claim of Naftogaz,” he wrote.

Earlier, President of Russia Vladimir Putin stated that the flow of gas through Turkish Stream would begin until the end of 2019.

As we reported, the OSCE Committee on Political Affairs and Security has adopted a resolution on energy security in Europe, which mentions the Nord Stream 2 and Turkish Stream gas pipelines.

In particular, the resolution’s document identifies Russian projects that as a potential means of economic and political coercion of states dependent on supplies.

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