Date: 7 months ago   Category: Energy

Gazprom initiated arbitration trial against Ukraine because of a penalty for $6,6 billion — Rambler News Service


Photo: Donat of Sorokin/TASS Gazprom initiated arbitration trial against Ukraine because of an antimonopoly penalty for $6,6 billion, it is said in the statement of gas holding. "Today Gazprom according to arbitration regulations of UNCITRAL initiated arbitration trial against Ukraine for the purpose of protection of the investments in her territory because Ukraine represented by Antimonopoly committee has imposed on Gazprom an unreasonable and unfair penalty in a size exceeding $6 billion (including a penalty fee) for allegedly abuse of a monopoly position in the market of transit of gas of Ukraine", - it is said in the statement. As notes Gazprom given a penalty and also the subsequent actions of Ukraine for his collecting violate the rights of Gazprom guaranteed by the agreement between the Government of the Russian Federation and the government of Ukraine on encouragement and mutual protection of investments against November 27, 1998. "Gazprom asks arbitration to make the decision on payment of monetary compensation and application of other remedies. The company will continue to protect the rights by all available means within the applicable legislation", - it is said in the statement. As it was reported earlier, on January 22, 2016 the Antimonopoly committee of Ukraine (AMKU) has passed the decision on imposing on Gazprom of a penalty of 85,966 billion hryvnias for the "violation of the economic competition" which was allegedly taking place. Gazprom has taken measures for contest of the specified decision in the state courts of Ukraine. However on September 11, 2017 with removal by the Supreme Court of Ukraine decisions on refusal to Gazprom in revision of decisions of inferior courts of an opportunity on the appeal of the solution of AMKU within the judicial system of Ukraine have been exhausted. On April 21, 2017 the Ministry of Justice of Ukraine has initiated executive production on compulsory collecting from Gazprom of the sum of a penalty, penalty fee (similar by the size to a penalty), executive and judicial collecting by imposing of collecting on assets of Gazprom in the territory of Ukraine. Efforts of Gazprom on contest of these actions in the Ukrainian courts haven't resulted in success.

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