Groysman: Ukraine demands that Gazprom fulfil decision of Stockholm Arbitration

Groysman: Ukraine demands that Gazprom fulfil decision of Stockholm Arbitration

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Ukrinform
Ukraine demands that Russia should fulfill the Stockholm Arbitration’s decision on gas transit contracts.

Prime Minister Volodymyr Groysman stated this at a joint briefing with High Representative of the European Union for Foreign Affairs and Security Policy Federica Mogherini, an Ukrinform correspondent reports.

“We have discussed the decision of the Stockholm arbitration - Ukraine adheres to the position that the court’s decision should be fulfilled. We, as a democratic civilized country, do not give estimations [of decisions] of the court, but we say that it should be fulfilled, and we demand that Russia, Gazprom should comply with the decision of the Stockholm arbitration,” the prime minister said.

As Ukrinform earlier reported, on February 28, the Arbitration Institute of the Stockholm Chamber of Commerce obliged Gazprom to pay NJSC Naftogaz $4.63 billion in compensation for the failure to meet its gas transit obligations. According to Naftogaz, this ruling means that Gazprom must pay Ukraine about $2.56 billion, taking into account the final payment for gas supplied in 2014 and 2015. 

Gazprom, after the Stockholm arbitration decision not in its favor, had launched the process of terminating contracts for the supply and transit of gas with Ukraine's Naftogaz.

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