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Gazprom prepares lawsuit to International Arbitration

Russian enterprise informs that “the notification of Ukraine’s reimbursement of funds from Gazprom shows another attempt to illegally seize Gazprom’s property under the pretense of execution of the decision, made in 2016 by Ukraine’s Anti-Monopoly Committee on imposition of a fine”
19:39, 21 March 2018

Open source

Russian Gazprom prepares a lawsuit to the International Arbitration due to the fine of Ukraine’s Anti-Monopoly Committee in the amount of $6,49 billion. Interfax-Ukraine reports.

Russian enterprise informs that “the notification of Ukraine’s reimbursement of funds from Gazprom shows another attempt to illegally seize Gazprom’s property under the pretense of execution of the decision, made in 2016 by Ukraine’s Anti-Monopoly Committee on imposition of a fine”.

Gazprom does not acknowledge the legitimacy of fine imposition and regards Ukraine’s actions a violation of its rights, including those ensured by the Russian-Ukrainian Agreement on promotion and reciprocal protection of investments as at December 27, 1998,” the message says.

It should be mentioned, that earlier, Gazprom sent a notification to Ukraine that Ukraine violates its obligations of investments protection and prepares a relevant lawsuit to appeal to the International Arbitration,” Gazprom’s Information Office reports.  

Earlier, Gazprom’s means, located in Ukraine, were charged back to the state budget.

As we reported earlier, Alexey Miller, the Head of Gazprom, stated, that the company forwarded an official notification to Naftogaz about gas contracts termination through the Stockholm Arbitration. Naftogaz confirmed this information.

As we reported earlier, after the ruling of the Stockholm Arbitration, Russia's Gazprom announced its intention to terminate gas contracts with Naftogaz Ukraine.

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. As a result of two arbitrations in Stockholm, Gazprom is to pay Naftogaz $2,56 billion. The court dismissed the demands of Gazprom that stated that the money hadn’t been paid as it was considered the fines for what they called unlawfully seized by Naftogaz volumes of the transit gas. $526 000 of interest per day will be added to the debt from March 1.

Related: Ukraine confiscates all Gazprom's assets, - Justice Minister

Related: Gazprom failed in its attempt to portray Naftogaz as unreliable partner

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