Court seized Dutch assets of Russian Gazprom to pay $2 million to Ukrainian state energy company

5 June 2018
800 Views

Ukraine’s state energy group Naftogaz had asked Swiss courts to enforce the ruling

A court has seized the Dutch assets of Russian energy group Gazprom to pay $2.56 billion in compensation to Naftogaz, the Ukrainian company has said.
Ukraine’s state energy group Naftogaz had asked Swiss courts to enforce a ruling that it receive $2.6 billion from Russian giant Gazprom after a long-running legal battle.
The ruling, made by the Stockholm arbitration court in February, was meant to conclude a legal battle over gas deliveries. But Naftogaz said Gazprom had not complied with the ruling which obliged the Russian company to resume gas supplies to Ukraine at a market-reflective price and to pay $2.6 billion.

The legal battle has run alongside Ukraine’s broader political stand-off with Russia.
Gazprom appealed against the Stockholm ruling in April, and the case is ongoing.
Ukraine is a major transit country for Russian gas supplies to Europe where Gazprom accounts for around 35 percent of the gas market.

source: rt

You may be interested

How Productive is an Hour of Work (where is Greece)? (infographic)
GREECE
shares17 views
GREECE
shares17 views

How Productive is an Hour of Work (where is Greece)? (infographic)

Panos - Jun 17, 2021

Figures from the OECD reveal the countries in which the average hour of work contributes the most to GDP. As…

Biden’s blunder as he confuses Putin with Trump (video)
WORLD
shares25 views
WORLD
shares25 views

Biden’s blunder as he confuses Putin with Trump (video)

Panos - Jun 17, 2021

The American president Joe Biden’s blunder after the meeting with his Russian counterpart, Vladimir Putin, in Geneva has gone viral. It…

How the Hellenic Navy tricked a Turkish corvette trying to stop a live fire exercise (photos)
DEFENCE
shares30 views
DEFENCE
shares30 views

How the Hellenic Navy tricked a Turkish corvette trying to stop a live fire exercise (photos)

Panos - Jun 17, 2021

The Turkish corvette Baykoz, which had departed from the Aksaz Turkish Navy Base opposite of Rhodes and was sailing west…

Leave a Comment

Your email address will not be published.