Stockholm Arbitration unites Gazprom, Naftogaz lawsuits

Scheduling of the hearing of the united case has not been agreed yet
12:06, 12 November 2018

Open source

The Arbitration Institute of the Stockholm Chamber of Commerce has united Naftogaz’ lawsuit on tariff revision for $12 billion and Gazprom’s one on termination of transit contract through Ukraine, as Interfax-Ukraine reports referring to Gazprom statement in the memorandum of the new issuance of Eurobonds.

It was noted that on November 27, Svea Court of Appeal will start considering Gazprom’s appeals against the decision of the arbitration on transit contract.

Related: Court prohibits Nord Stream and Nord Stream 2 companies to pay Gazprom

Earlier, it was reported that Naftogaz Ukraine would send 90% of its income to Ukraine’s state budget, as the Prime Minister Volodymyr Groysman said at the session of the Cabinet of Ministers.

Naftogaz supervisory board decided to pay bonuses amounting $46,3 billion to the workers who worked hard in Stockholm Arbitration in dispute with Gazprom concerning the transit contract.

Related: Ukraine's Naftogaz’s claims against Russian Gazprom exceed $12 billion

Volodymyr Groysman commented on this, stating that it was “too much.”

Later, Ukraine’s Prosecutor General Office opened a criminal proceeding on payment of bonuses to Naftogaz board.  

Related: Ukraine's Naftogaz collects $18 million with Gazprom, - Naftogaz commercial director

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