Minister of Energy and Environmental Protection of Ukraine Oleksiy Orzhel considers it unacceptable to sign a one-year agreement with Russia on gas transit through Ukraine, under the condition of arbitration waiving. The official reported this on the broadcast of Freedom of Speech on ICTV.
"The offer from Russia is unacceptable – arbitration waiving and signing a contract on the utilization of Ukrainian Gas Transporting System for only one year," Orzhel said.
As we reported earlier, Gazprom has sent a formal proposal to NJSC Naftogaz-Ukraine to extend the current contract or to conclude a new agreement on transit of gas through the territory of Ukraine for one year, according to Interfax.
It is emphasized that Gazprom's proposal states that the remission of both parties' mutual claims in international arbitration and the termination of all court proceedings are the necessary conditions for the continuation of a valid contract or the conclusion of a new agreement.
In addition, Gazprom listed additional conditions: the reversal of the decision of the Antimonopoly Committee of Ukraine to impose a fine on Gazprom for "distortion of economic competition", withdrawal of the Naftogaz-Ukraine’s petition to initiate an investigation against the Russian company by the European Commission.