State Treasury did not get anything from the victory of Naftogaz against Gazprom lawsuit in the Stockholm Arbitration. Therefore, there are no awards for the workers, said Ukraine’s Prime Minister Volodymyr Groysman during the hour of questions to the Government on March 15, broadcasted by 112 Ukraine.
“If we talk about awards concerning Stockholm, I would like to look at the accounts of State Treasury first. We did not receive money from the victory. Therefore, no awards yet,” Groysman said.
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, and 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.
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 1 March.