Gazprom turns to Swiss court due to seizure of assets in the Netherlands

Source : 112 Ukraine

The Russian energy monopolist demands full access to the case for further appeal against the actions of the Dutch side
08:46, 8 June 2018

Russian state-run gas company Gazprom addressed the Swiss court, complaining about the seizing of its assets in the Netherlands. RBC Ukraine reported this with the reference to the company's press service. 

'The company filed an appeal for the consideration of the Swiss court, which aims to get the full access to the case materials, and the further appeal against the actions of the Dutch side', Gazprom said.   

The company plans to submit another appeal to the Dutch court.

The Russian side also insists it still has not got any official notifications about the beginning of the asset freeze due to the execution of the Stockholm arbitrary court's decision. 

Related: Assault on Gazprom: European Union curbing appetite of Russian monopolist

As it was reported earlier, Russia's energy monopolist Gazprom refused to abide by the decision of Stockholm arbitrary court. Gazprom's delegation offered the Ukrainian side to either submit amendments to the gas deal or to break it. Naftogaz considers such actions a violation and disrespect for the decision made by Stockholm arbitrary court. Naftogaz refuses to accept Gazprom's offers. The Russian company's denial to obey the decision of the international arbitrary questions Gazprom's reliability as European gas industry's partner', the message said, quoting Naftogaz's Chief Commercial Officer Yuriy Vitrenko.   

Two arbitrary disputes between Gazprom and Naftogaz at the Arbitration Institute lasted for over three years: the dispute on the gas debt – from June 2014 to December 2017, on the transit agreement – from October 2014 to February 2018. There are less than two years left until both agreements terminate (at the end of 2019).

Related: Gazprom to keep gas transit through Ukraine, - Gazprom CEO

The Arbitration Institute of the Stockholm Chamber of Commerce has granted the lawsuit of Naftogaz as to compensation for the volumes of transit gas that had not been delivered by Gazprom on February 28. According to the decision of the court, Naftogaz got a $4,63 billion compensation for the transit gas that had been agreed on, but not delivered by Gazprom.

Related: Gazprom reacts to Ukraine's claim on arrest of its assets in Netherlands

Related: Dutch assets of Russia's Gazprom arrested for payment of $2, 6 billion to Ukraine

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