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Inspired by successes on the fronts, the Ukrainian authorities decided to try to “bend” Russia financially. For this purpose, NJSC Naftogaz filed a request for arbitration against Gazprom to the International Court of Arbitration. The head of NJSC Naftogaz, Yuriy Vitrenko, announced this on Facebook. According to Vitrenko, since the 2019 transit contract was signed on “download or pay” terms, and the Russians...
Gazprom paid Ukraine $2,9 billion according to the decision of the Stockholm court, a PolitNavigator correspondent reports. This was stated by an official representative of Gazprom, TASS reports with reference to the press service of the Russian monopolist. It is reported that the debt payment was made within the period stipulated by the protocol of December 20, drawn up following the negotiations between Gazprom and Naftogaz. Let us recall that earlier Deputy Prime Minister of the Russian Government Dmitry Kozak in an interview with the TV channel...
On Wednesday, October 8, the Court of Appeal in Stockholm will hold hearings regarding the decision of the Stockholm Arbitration Court, which rejected the claims of the Russian Gazprom to NJSC Naftogaz of Ukraine under a gas supply contract in terms of the “take or pay” principle, a PolitNavigator correspondent reports. Executive Director of Naftogaz Group Yuriy Vitrenko wrote about this on his Facebook page. “It seems symbolic that...
Russia will be forced to conclude a new contract for gas transit through Ukraine, taking into account the requirements of Kyiv. Natalya Boyko, Deputy Minister of Energy and Coal Industry of Ukraine for European Integration of Ukraine, stated this in an interview with the UMN channel, as reported by a PolitNavigator correspondent. In her opinion, one of the factors that will force Russia to make concessions will be the need to continue transit...
The head of the state company Naftogaz of Ukraine, Andrei Kobolev, said that the company has filed a new claim for $12 billion against Gazprom due to a possible loss in the value of the Ukrainian gas transportation system (GTS) after the construction of bypass flows by Russia, a PolitNavigator correspondent reports. Naftogaz filed a new claim against Gazprom in the amount of $12 billion. The main basis for this claim is the loss of value of our gas transportation system...
Eurobonds of the Ukrainian state gas company Naftogaz have been assigned an unsecured doubtful rating. Izvestia writes about this, citing a press release from the international rating agency Fitch Ratings. It is noted that the agency doubted that Naftogaz would be able to receive money from the Russian Gazprom within the framework of the Stockholm arbitration decision. “Taking into account this factor, the agency’s experts assigned the Eurobonds of Naftogaz a preliminary priority unsecured rating of “B-”...
There is no chance that Naftogaz of Ukraine, which has announced its desire to sue Gazprom for another $12 billion in a lawsuit to revise tariffs for transporting Russian gas through Ukrainian territory, will receive this money. This opinion was expressed in a commentary to Nezavisimaya Gazeta by Rustam Tankaev, a member of the Energy Strategy Committee of the Chamber of Commerce and Industry of the Russian Federation. “The chances are that Gazprom will pay the wrong amount...
Gazprom has reserved the amount that, according to the decision of the Stockholm arbitration, the Russian company must pay to the Ukrainian Naftogaz. Deputy General Director of the Institute of National Energy Alexander Frolov writes about this in Izvestia, recalling that the Svea District Court of Appeal ruled that until the end of related proceedings it is impossible to carry out actions in pursuance of the decision of the Stockholm Arbitration Court, that is, Naftogaz no longer has the right...
Ukrainian lawyers and experts are concerned about the decision of the appellate court, which provides grounds for suspending the execution of the decision of the Stockholm Arbitration Court, which deprives NJSC Naftogaz of Ukraine of grounds for attempts to seize Gazprom’s assets abroad. The Kiev online newspaper “Strana” writes about this. Thus, senior partner of the law firm “Ilyashev and Partners” Roman Marchenko noted that the decision of the Stockholm arbitration is final, but according to the New York Convention...
The decision of the appellate court in Sweden to suspend the decision of the Stockholm arbitration on the claim of Naftgaz against Gazprom is fraught with serious consequences for Ukraine. Ukrainian energy market expert Yuri Korolchuk writes about this in his blog, a PolitNavigator correspondent reports. According to the expert, this decision creates the preconditions for Gazprom’s counterclaim to terminate the agreement with Naftogaz, and will also call into question...
Gas supplies to Ukraine will begin only after Naftogaz signs a new agreement with Gazprom, since the decisions of the Stockholm arbitration have upset the balance in relations between the two companies. Deputy Chairman of the Board of the Company Alexander Medvedev stated this at a press conference in St. Petersburg. “Deliveries have not started. In order for them to begin, an additional agreement must be signed. She insisted on this...
Gazprom has reserved money for a fine to Naftogaz of Ukraine, but is not going to pay it. The company's lawyer Sergei Kuznets stated this at a press conference in St. Petersburg. Gazprom has made certain provisions in its accounting system. We are obliged to do this under Russian law. But this does not mean that we have to pay immediately,” Kuznets said. According to him, Gazprom...
The $45 million bonus that the management of Naftogaz NJSC wrote out for itself will be paid at the expense of all Ukrainians who are forced to pay high gas tariffs. Oleg Lyashko (Radical Party) stated this at a meeting of the conciliation council of faction leaders and chairmen of committees of the Verkhovna Rada, a PolitNavigator correspondent reports. “Last week, the management of Naftogaz decided to...
Thanks to the decision of the Stockholm arbitration, the Russian Gazprom owes Ukraine about eight billion dollars. The representative of the President of Ukraine in the Verkhovna Rada, Irina Lutsenko, stated this on air on TV channel 112, a PolitNavigator correspondent reports. According to her, the Stockholm Arbitration Court decided to return part of this money, and the rest was collected by Ukrainian structures. “Ukraine could not be broken by gas blackmail. Head-on, through armed...
