Naftogaz says Swiss court resumes arrest of Nord Stream shares

KIEV, Jul 4 (PRIME) -- A Swiss court has resumed arrest of Russian gas giant Gazprom’s shares in Nord Stream AG and Nord Stream 2 AG, Ukrainian energy holding Naftogaz Ukrainy said in a statement on Wednesday.

“The Supreme Court of Switzerland’s Canton of Zug has resumed arrest on shares of Nord Stream AG and Nord Stream 2 AG, which belong to Gazprom. The assets will remain under arrest for the time of consideration of an appeal by Naftogaz Ukrainy against a decision to remove arrest from these stakes made earlier by a local debt reclaim authority,” Naftogaz Ukrainy said.

The Stockholm arbitration court ruled earlier in 2018 that Gazprom must pay Naftogaz Ukrainy U.S. $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.

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