Ukraine starts $2.6 bln debt recovery from Gazprom in European countries

Ukraine starts $2.6 bln debt recovery from Gazprom in European countries

999
Ukrinform
The process of $2.6 billion debt recovery from Gazprom has started in Switzerland, the United Kingdom and the Netherlands to enforce the judgment of the Arbitration Institute of the Stockholm Chamber of Commerce.

President of Ukraine Petro Poroshenko said this at the meeting with CEO of the Naftogaz of Ukraine Andriy Kobolev.

“The process of the enforced recovery of $2.6 billion from Gazprom has been translated into action. The encumbrance of shares and other assets of Gazprom in European countries, particularly in Switzerland, the UK and the Netherlands has started today,” Poroshenko noted.

The President also gave instruction not to stop on these three countries and make every effort to ensure the arrival of funds, adjudged by the Stockholm Arbitration Court, in the state budget of Ukraine.

“These should be assets, perhaps, including the shares of Nord Stream and Nord Stream 2 and the assets that have high liquidity and will quickly ensure the enforcement of judgments,” the Head of State stressed.

As reported, On February 28, 2018, the Arbitration Institute of the Stockholm Chamber of Commerce satisfied the Naftogaz's claims for compensation for gas transit volumes that Gazprom had failed to supply. The arbitrators ruled that Gazprom pay to Naftogaz $4.63 billion for the shortage of agreed gas transit volumes. Following two arbitration proceedings, Gazprom has to pay Naftogaz a total of $2.56 billion.

ol


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
-