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 If Gazprom fails to abide by Stockholm Arbitration ruling, it will lose foreign assets, - Naftohaz

газпром

Russian gas monopolist Gazprom will be forced to abide by the Stockholm Arbitration ruling, otherwise it will lose its foreign assets, including gas delivered to Europe.

This was announced by commercial director of Naftohaz Ukraine Yurii Vitrenko on air of Espresso.TV, Censor.NET reports.

"We see no ways for Gazprom not to abide by the ruling of the Stockholm arbitration. The situation differs from that of Yukos, because here we do should not speak of Russia, but of Gazprom. This is a corporation, a legal entity, with foreign assets and no sovereign immunity. Gazprom will be forced to abide by the ruling," Vitrenko said.

He said the Arbitration has not yet made a final verdict, but Ukraine should not expect any unpleasant rulings.

Read more: Stockholm arbitration court said Russia's gas price for Ukraine was not "brotherly," - Naftohaz head Koboliev

As reported, on May 31 Stockholm arbitration court made a ruling in a litigation between Ukraine's Naftohaz and Russia's Gazprom on the contract of 2009 for gas deliveries from Russia to Ukraine.

The arbitration ruled:

1. the "take or pay" condition removed;
2. reexport ban canceled;
3. price formula revised since 2014 (European price introduced).
 
 
 
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