Gazprom owes $8.5 bln to Ukraine - Ukrainian PM

Gazprom owes $8.5 bln to Ukraine - Ukrainian PM

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Ukrinform
Russia's Gazprom owes $8.5 billion to Ukraine under various court rulings.

Ukrainian Prime Minister Volodymyr Groysman said this on Ukraine's Radio NV, an Ukrinform correspondent reports.

"Gazprom owes money to us. Today, after Stockholm [Arbitration] decision, it is already almost $8.5 billion," Groysman said.

He also stressed that Russia is showing disregard for international law. "But our actions are recovering the money through international procedures," he said.

As reported, on February 28, the Arbitration Institute of the Stockholm Chamber of Commerce obliged Gazprom to pay $4.63 billion to NJSC Naftogaz 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, launched the process of terminating contracts for the supply and transit of gas with Ukraine's Naftogaz.

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