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 Ukraine may get $50 billion from Gazprom by arbitration's ruling, - Naftohaz

Ukraine may get $50 billion from Russia's Gazprom after the lawsuit of Naftohaz is granted by court.

Yurii Vitrenko, Naftohaz business development director, said in an interview with hromadske.tv, Censor.NET reports.

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"The total sum of the suit filed with the Stockholm Arbitration is $50 billion, of which 30 billion is a compensation for what we have previously lost or overpaid for in relations with Gazprom, while at least $20 billion is extra cash flows that we'll get access to after decision is taken in Stockholm. Besides, in Stockholm, we force them to start working in Ukraine under the European rules," Vitrenko said.

According to Vitrenko, the Russin side takes all efforts to delay the process.

Read more: Putin's plans for new gas pipes to Europe politcally motivated, - Bloomberg

"The process is going on. They are using delaying tactics. The hearing will begin in the autumn of this year. We are strengthening our positions. All questions asked by the Russian side are satisfied with reasonable answers prepared with foreign experts. We feel quite comfortable. If there is no political risk, we are confident that we'll prove the validity of our line in court," Vitrenko said.
 
 
 
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