Russian Gazprom imposes new conditions for Ukraine to conclude contract

For the new contract, a "zero variant" was suggested by Miller in the Stockholm arbitrage, which Russia lost
20:27, 18 October 2019

Opposition Platform

Head of Russia's Gazprom Alexey Miller stated that the gas price for Ukraine in case of direct supplies will be 20 % lower, fulfilling several conditions including a "zero variant" in the Stockholm arbitrage. He told about it during the meeting with Prime Minister of the Russian Federation, as TASS reports. 

"We said that the gas price for the final consumers in Ukraine will be equaled to minus 20% in case of direct supplies according to the current level," he mentioned. 

Miller believes that extension of the existing contract on gas transit with Ukraine together with the actualization of market conditions may be the only way. 

Related: Russian Gazprom ready to provide Ukraine with 25% discount on gas

"In case if an independent gas transmission operator and controller are not created in Ukraine until January 1, 2020, the only way will be the extension of the existing contract in new actualized to today's time market conditions," Miller said. 

Gazprom informed Ukraine and the EU about the necessity to settle the court challenges until conclusion of the new contract with Ukraine. The issue is about the Stockholm arbitrage, which Russia has lost. 

"We suggest the "zero variant", which could stop all the legal actions, all the claims would have been withdrawn and th story would have ended," the Head of Gazprom added. 

Executive Director of Naftogaz Ukraine Yurii Vitrenko responded to the suggestion on his Facebook.

He explained that Gazprom should not abuse its powers on the European market and observe all the European rules, particularly not refuse to the European company to postpone the points of gas transfer on the Russian-Ukrainian border. 

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