Date: 2 months ago   Category: Energy

Naftogaz threatened Gazprom with responsibility for nonpayment of $2.56 billion — Rambler News Service


The executive commercial director of Naftogaz of Ukraine Yury Vitrenko on the page on Facebook threatened to make the Russian company "Gazprom" responsible in case the company continues to evade from implementation of the decision of the Stockholm arbitration on payment of $2.56 billion "" Gazprom" continues not to carry out the decision of the international arbitration defiantly. Even in spite of the fact that Gazprom lost in Court of Appeal of Sweden about suspension of compulsory execution of the arbitration award. That is no, not to pay any legal basis at Gazprom to us according to this decision" — Vitrenko wrote. "And if unfair actions of Gazprom for evasion from execution of decisions of the courts are confirmed — they will be made responsible" — Vitrenko wrote. Vitrenko also added that "the USA is not the last jurisdiction where Gazprom is waited by problems". Earlier that Naftogaz of Ukraine tries to involve the American courts in trial with Gazprom collecting $2.6 billion awarded to Naftogaz by the Stockholm arbitration was reported by the Kommersant newspaper. On February 28 the Stockholm arbitration made the final decision on arbitration proceedings between Gazprom and Naftogaz of Ukraine under the contract for transit of gas through the territory of Ukraine. From the monetary requirements stated by Naftogaz of $17 billion arbitrators met requirements of the sum of $4.673 billion in connection with supply of gas for its transit to the European consumers in smaller volume, than it was provided by the contract. Taking into account the sum which is earlier awarded in favor of Gazprom according to the contract for the supply of gas, arbitrators made offset of counterclaims, following the results of which Gazprom is obliged to pay Naftogaz $2.56 billion, Gazprom appealed on March 29, 2018 to Court of Appeal of the Swedish district Svea with the statement for contest of the final decision of February 28, 2018 and its partial cancellation. On May 28, 2018 Gazprom filed a lawsuit the statement for full cancellation of the arbitral award.

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