KIEV, Jul 18 (PRIME) -- Ukrainian energy holding Naftogaz Ukrainy will continue to enforce debts of Russian gas giant Gazprom under a Stockholm arbitration court’s ruling, Naftogaz Ukrainy CCO Yury Vitrenko said on his Facebook page on Wednesday.
“We will insist on enforcement of the European rules that are a fair balance in relations. We will also continue enforcement of collection of U.S. $2.6 billion under a decision of the previous arbitration panel. And we are starting a new arbitration process demanding an $11.6 billion compensation for a reduced tariff in 2018–2019,” he said.
The Stockholm arbitration court ruled earlier in 2018 that Gazprom must pay Naftogaz Ukrainy $2.56 billion for non-shipment of gas. Gazprom said in June that a court of appeals suspended the ruling and that the company would use the decision as a ground to contest property seizure under the case in Switzerland and the Netherlands. Naftogaz Ukrainy is trying to enforce the arrest.
The Ukrainian company also filed a new, $11.58 billion suit against Gazprom to the court seeking revision of the gas transit tariff from March 2018.
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