UPDATE2: Gazprom: Stockholm crt ruling on Ukraine transit suspended - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE2: Gazprom: Stockholm crt ruling on Ukraine transit suspended

(Adds new data in paragraphs 4Ц5)

MOSCOW/KIEV, Jun 14 (PRIME) -- Gazprom has suspended a ruling of the Stockholm arbitration court in a gas transit case with Ukraine and will use the decision as a ground to contest actions by bailiffs in Switzerland and the Netherlands, the company said in a statement on Thursday.

УThe request was sent by Gazprom on June 7, 2018 in the context of an appeal against the arbitration court transit decision and attempts by Naftogaz Ukrainy to enforce the ruling in various jurisdictions before considering the matter of the claim,Ф Gazprom said.

The Svea District Court of Appeal approved GazpromТs request on Wednesday.

Ukrainian state energy holding Naftogaz Ukrainy said it plans to submit its arguments against the suspension decision to the court and hopes that the decision will be cancelled.

УThe decision is temporary. The company will present its detailed explanation and objections, and expects the court to cancel its suspension decision,Ф Naftogaz Ukrainy 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 that the decision led to an imbalance in relations of the companies and requested termination of gas transit and delivery contracts with Ukraine.

Ukrainian President Pyotr Poroshenko said in May that Ukraine had started to enforce the payment under the courtТs ruling in Switzerland, the U.K., and the Netherlands. Later, CCO of state energy holding Naftogaz Ukrainy Yury Vitrenko said that the company started the process with GazpromТs shares in Nord Stream AG and Nord Stream 2 AG.

End

14.06.2018 18:11
 
 
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