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Poroshenko: Naftogaz should seek to seize Gazprom assets in case of non-payment of debt

Poroshenko also instructed the head of the Ministry of Foreign Affairs to initiate tripartite consultations to implement the decision of the Stockholm Arbitration
17:46, 1 March 2018

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President of Ukraine Petro Poroshenko said that Naftogaz should seek the seizure of assets of the Russian Gazprom in case of non-payment under the decision of the Stockholm Arbitration. The president said this during a meeting of the National Security and Defense Council of Ukraine, 112 Ukraine reports.

"I would like now to address the chairman of the Naftogaz Andriy Kobolev, I would ask the Prosecutor's General Office to get involved in this process, ask the Ministry of Justice to join this process, ask the Foreign Ministry led by Klimkin to immediately get together, and if Gazprom will not pay this money, as I understand it, which it should do yesterday, the Naftogaz should seek the seizure of Gazprom's assets and ensure the implementation of these decisions. We have enough assets, including those involved, such as the North-Stream-2 ", the president noted.

The President of Ukraine stressed that the actions of the Russian Federation are a manifestation of Russian aggressive disrespect for generally accepted norms of law.

"Now I have instructed to invite the head of Naftogaz, because we received very disturbing information that Gazprom is making provocative statements that it is not going to implement the decision of the Stockholm court. Not honoring, disrespect for the implementation of court decisions has extremely important geopolitical consequences: how then can Europe at all count on this gas supplier?", the president said during his speech.

"If Gazprom does not come to its senses and does not comply with the Arbitration decision in accordance with civilized rules, we will use all legal instruments under the New York Convention on Enforcement of Arbitral Awards. Law, international law is now on the side of Ukraine, as in other conflicts with Russia. I hope that the Stockholm arbitration has cured Ukrainians from the Stockholm syndrome, "the president added.

Poroshenko also instructed the head of the Ministry of Foreign Affairs to initiate tripartite consultations for the implementation of the decision of Stockholm Arbitration for Gas:

Also, Poroshenko did not rule out, in case of need, the possibility of holding in the near future a special meeting of the National Security and Defense Council of Ukraine on energy security through the actions of Gazprom.

We recall, on February 28, the Stockholm Arbitration Court satisfied the demands of Naftogaz on the suit against Gazprom. Naftogaz achieved compensation in the amount of $ 4.63 billion for Gazprom's failure to deliver agreed volumes of gas for transit. Also, Gazprom must pay 2.56 billion dollars in favor of Naftogaz. For the debt will be accrued interest - 526 thousand dollars per day starting from March 1. Gazprom does not agree with the decision of the Stockholm Arbitration to pay compensation to Naftogaz.

Also note that the Stockholm arbitration did not satisfy Naftogaz's demand for a revision of the tariff for gas transit, since the introduction of regulatory reform in the territory of Ukraine is not within the competence of the tribunal.

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