Contents tagged with Gazprom
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Netherlands Court orders Russia to pay Ukraine’s Naftogaz $5 billion for Crimea asset seizure
Russia has suffered a legal setback after its appeal against a compensation order in favor of Naftogaz was dismissed by the Supreme Court of the Netherlands. The court has ruled that Russia must pay $5 billion for seizing assets belonging to Naftogaz in Crimea, Naftogaz's press service announced on Friday, December 13.
This decision marks the second time that Dutch courts have upheld the Partial Award issued by the arbitral tribunal at the Permanent Court of Arbitration in The Hague. …
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Ukraine announces plans to end Russian gas transit by 2025
During the German-Ukrainian business forum in Berlin, Ukrainian Energy Minister Herman Halushchenko announced comprehensive measures to ensure the stability of Ukraine's own gas transmission system in anticipation of stopping Russian gas transit as of January 1, 2025. "Our position is quite transparent: we're preparing for zero transit as of January 1. We've been making these preparations for quite some time now. Just this year, we've conducted several stress tests on our gas system to assess …
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Russia’s Gazprombank cards blocked in 20 countries following U.S. sanctions
Amid new sanctions, Gazprombank cards have become inoperative throughout twenty coungries. A major player in financing the conflict against Ukraine, Gazprombank has been severely impacted by U.S. sanctions, leading to a significant downturn in banking services outside of Russia. Following the initial halt of card services in Hungary, Turkey, and the UAE, a cascade of other countries has joined in. Currently, Gazprombank cards cannot be used for transactions in twenty countries.
According to …
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Ukraine agrees to transport Azerbaijani gas amid EU efforts to reduce Russian energy dependence
Evropeyska Pravda reports that representatives of European Union countries have asked Ukraine to facilitate this gas transportation transport gas from Azerbaijan. The outlet cites an anonymous source within Ukraine’s Cabinet of Ministers.
The report indicates that officials in Kyiv recognize this move as a formality intended to replace Russian gas imports into Europe with Azerbaijani gas. This move, they believe, may not wholly sever links to Russian energy, as there's suspicion that Russian …
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Aliyev: Azerbaijan brokers talks for Russian gas transit through Ukraine
Azerbaijan is mediating discussions between Ukraine and Russia centered on continuing Russian gas transit through Ukrainian territory, announced Azerbaijani President Ilham Aliyev. These talks have been ongoing for several months, according to Aliyev.
During his address at the International Forum in Cernobbio, Aliyev also mentioned ongoing negotiations about transporting Azerbaijani gas through Ukraine to Europe.
President Aliyev shared that Azerbaijan has been approached by Ukraine, Russia, …
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Russia signals willingness to maintain gas exports to Europe through Ukraine as revenue losses mount
Russia, which previously attempted to "freeze" Europe by slashing gas supplies to European customers in a bid to force the West to make concessions over the war in Ukraine, has now dramatically changed its rhetoric after losing a significant portion of its income from exporting natural gas.
Russian Deputy Prime Minister Alexander Novak announced Moscow's readiness to continue the delivery of gas to Europe, including through the territory of Ukraine, as reported by Russian media.
However, …
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First mercenary from the private military company created by Russian gas giant Gazprom captured by Ukrainian Forces
The first mercenary of the private military company Redut, which was formed from the employees of the Russian gas giant, Gazprom, was captured by the Ukrainian military. A video of his interrogation was published on the Telegram Channel Operational ZSU.
In the video, a native of Orenburg said that before being sent to Ukraine, he worked at Gazprom as a senior security guard.
“Gazprom has created a division called Potok. Potok was handed over to the Redut PMC," the prisoner explained during …
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Ukrainian Intelligence: Russia’s Gazprom is creating its own private military company
Russian oil producer Gazprom Neft, a subsidiary of the gas giant Gazprom, is creating its own private military company. The corresponding order was signed by the Russian Prime Minister Mikhail Mishustin, reports the Main Intelligence Directorate of the Ukrainian Defense Ministry.
The document states that the founders of the organization will be JSC Gazprom Neft with a 70% share and a "private security organization Staff Center" with a share of 30%.
The Russian government justifies the …
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Putin reverses his earlier decree, allows Russian gas producers to accept payments in foreign currency
Russian gas suppliers will be able to accept payments in foreign currency from "unfriendly" countries, according to the decree signed by the Russian president Vladimir Putin. Payments for gas are proposed to be credited to a special foreign currency account of the Russian supplier specified in the contract.
The decree amends the March decree, according to which all payments for gas must be accepted exclusively in rubles. In March 2022, after Russian Central Bank's assets in dollars and euros …
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Media: Germany and Canada are prepared to circumvent sanctions to restore Russia’s gas supplies to Europe
Germany has convinced Canada to bypass sanctions to help Berlin fix the gas issue involving Russian gas giant Gazprom. Ottawa intends to return Siemens gas turbines to Gazprom, so that Russia has no excuses in restoring gas supplies through Nord Stream. Ukrainian authorities are outraged by the decision of Canada and Germany and intend to fight for it to be cancelled, reported Evropeyska Pravda, citing its sources.
The Ukrainian side insists that if Canada returns the turbine to Russia, then …