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Gazprom not to contest Stockholm ruling in dispute with Naftogaz

Source : 112 Ukraine

The final ruling was handed down at the end of December
15:34, 15 January 2018

Open source

Gazprom will not be disputing the ruling made by the Arbitration Institute of the Stockholm Chamber of Commerce pertaining to the contract on gas supply in the dispute with Ukraine’s Naftogaz. Alexander Medvedev, Russia’s gas giant deputy CEO, said this, Interfax-Ukraine reports.

Related: Naftogaz refuses to pay Gazprom for gas supply to occupied Donbas

Gazprom filed an appeal to the Svea Court of Appeal (District 356) in Sweden on 7 November 2017 against an interim ruling by the Arbitration Institute of the Stockholm Chamber of Commerce on a claim regarding the agreement on gas supply dated 19 January 2009 and the partial cancellation of the agreement. The interim ruling was made on 31 May 2017. The final ruling was handed down at the end of December.

Related: Naftogaz claims its win in arbitration against Russian Gazprom

“There’s nothing new there. The arbitration ruling has come into effect. An appeal? What for?” Medvedev remarked.

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