Enforcement Service starts proceedings on $6.7 bln penalty recovery against Gazprom

Source : 112 Ukraine

It also became known that the Supreme Economic Court of Ukraine denied the cassation of Russian state-run company Gazprom on the decision to recover $6.7 bln penalty for power abuse by the Russian gas monopolist
19:30, 16 May 2017

The State Enforce Service initiated proceedings on $6.6 bln penalty recovery of the Antimonopoly committee against the Russian state-run company Gazprom and on arresting their property on the territory of the country. The committee representative Mykhailo Novytsky said that to the journalists on Tuesday, May 16, Interfax-Ukraine reports.

“The Committee has already received the decision to open proceeding (enforcement proceeding, - ed.) and to arrest the property. Of course there is no property to cover this sum, that is why the committee management is considering other ways for penalty recovery,” he said.

As it was reported eralier, 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.

Related: Third gas crisis: Chronicles of new Gazprom war against Ukraine

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.

Earlier this day, 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.

Related: "Naftogaz" expects provocations from "Gazprom" due to frost in Russia

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