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 Economic court of Kyiv allowed fining Gazprom for 171 billion hryvnia on account of debtor's property

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The Kyiv City Economic Court granted the petition of the Anti-monopoly Committee of Ukraine and the Executive Service of the Ministry of Justice and changed the way of execution of the court ruling regarding the recovery of a fine in amount of 171 billion hryvnia ($6.4 billion) from Russia's Gazprom.

Justice Minister Pavlo Petrenko wrote on Facebook, Censor.NET reports.

"Victory: The Kyiv City Economic Court granted the petition of the Anti-monopoly Committee of Ukraine and the Executive Service of the Ministry of Justice and changed the way of execution of the court ruling regarding the recovery of a fine in amount of 171 billion hryvnia from Gazprom. In simple words, before this, only bank funds of Gazprom could be ordered for collection, and now the collection [of the fine] covers all property of the debtor. As provided by procedures, the ruling should be published in a couple days," the minister said.

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

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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