05 JUN

Kiev claims court seized Dutch assets of Russia’s Gazprom over $2.6bn compensation bill

Published time: 5 Jun, 2018 06:43 Edited time: 5 Jun, 2018 07:42

A court has seized the Dutch assets of Russian energy major Gazprom to pay $ 2.56 billion in compensation to Naftogaz, the Ukrainian company has said.

In February, the Stockholm arbitration court demanded that the Russian company pay for a shortfall in the delivery of gas to Ukraine. Gazprom said that the decision created an imbalance in favor of Kiev. The Russian firm appealed the verdict, and notified Naftogaz that it had launched a procedure for the termination of gas-delivery contracts.

Суд арештував голландські активи Газпрому для виплати Нафтогазу 2,6 млрд дол. за рішенням Стокгольмського арбітражу pic.twitter.com/kIsGyoZXtQ

— Нафтогаз України (@NaftogazUK) June 5, 2018

“Naftogaz will use all legitimate measures and tools available to us to enforce the decision and fully recover the amount awarded from Gazprom,” Naftogaz CEO Andrey Kobolyev said in a statement released on Tuesday.

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