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 Court revokes collection of 80 million in fine from Gazprom in favor of Ukraine

суд правосудие судебная

The Kyiv Court of Appeals has revoked the ruling to collect 79.877 million hryvnia ($3.096 million) from Haztranzyt company, partially owned by Russian Gazprom.

The Kyiv Economic Court of Appeals has revoked the ruling by a minor court to collect 79.877 million hryvnia in dividends from Haztranzyt company (based in Kyiv, partially owned by Russian Gazprom) as a part of the fine imposed on Gazprom by Anti-monopoly Committee of Ukraine, Censor.NET reports citing Interfax-Ukraine.

The ruling dated July 17 has been published in the Unified State Registry.

"Given that the deadline for paying dividends at the time of the appealed ruling (the ruling of the Economic Court of Kyiv on June 6 on the collection, - ed.) had not yet come, the panel of judges concluded that the satisfaction of the claim for levying dividends from the net profit of PJSC Haztranzyt is a violation of the rights of the company's shareholders, as long as these funds at the time of collection belong to Haztranzyt, not to Gazprom," the court of appeals said.

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

In April 2017, the Anti-monopoly Committee of Ukraine (AMCU) requested the Justice Ministry of Ukraine to forcibly recover a penalty of 171,9 billion hryvnia ($6.59 billion) from Russia's Gazprom.
 
 
 
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