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Gazprom Halted Execution of Stockholm Court Ruling on Transit With Naftogaz

Gazprom Halted Execution of Stockholm Court Ruling on Transit With Naftogaz


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MOSCOW (Sputnik) – Russian energy giant Gazprom has managed to halt execution of the Stockholm arbitration court’s ruling on the contract for gas transit through Ukraine, the company said in a press release Thursday.

“On June 13, the Svea Court of Appeal (Sweden) upheld the request of PJSC Gazprom and ordered the suspension of the execution of the Stockholm arbitration court’s ruling of February 28, 2018, on the dispute between Gazprom and Naftogaz of Ukraine on the contract for gas transit through the territory of Ukraine,” Gazprom said.

It said the suspension renders attempts by Naftogaz to seize Gazprom’s assets abroad baseless.

Gazprom filed the request after a Dutch court ruled out to arrest assets of the Russian energy giant Gazprom in the country on June 5 in order to recover $2.6 billion, awarded by the Stockholm arbitration court to Ukraine’s Naftogaz. The Russian company demanded to reverse the ruling, underlining that the part of the verdict was written by “a third person,” which is a considerable сontempt of court procedures.

READ MORE: Russian Energy Minister: Gazprom, OMV Continuing Talks on Asset Swap Deal

The legal battle occurred amid the implementation of the Nord Stream 2 project, which met repeated protest from Kiev, as it could considerably reduce Europe’s dependence on the Ukrainian gas transit.

Apsny News English


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