Naftogaz Ukraine sees to it that GazAsia Capital's assets are frozen

Source : 112 Ukraine

This company issued Eurobonds of Gazprom company in Yens
13:44, 11 November 2019

Naftogaz Ukraine state company

NJSC Naftogaz-Ukraine achieved the assets freeze for GazAsia Capital S.A., the company that issued Eurobonds of Gazprom company in Japanese Yens. Interfax news agency reported that with the reference to a memorandum of the new issue of Gazprom's Eurobonds.

Stockholm arbitrary obliged the Russian gas monopolist to pay 4.63 billion U.S. dollars for undersupplying the gas volumes for transit across Ukraine. 

Related: Naftogaz sends new claims against Gazprom to Stockholm arbitration

"Taking into account that previously the court confirmed the debt of the Ukrainian side for the supplies of gas in the amount of 2.018 billion dollars, based on two decisions - on supply and transit - Gazprom should pay Naftogaz 2.56 billion dollars", reads the message.

In February 2019, the officer of the court ruled to conduct any payments in favor of Gazprom. In December 2018, GazAsia Capital S.A. placed 10-year-long bonds for 65,000,000 Yens.

Related: New Ukraine-Russia contract on gas transit possible only if sides completely drop claims, - Gazprom


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