Naftogaz claims Gazprom owes Ukraine more than $12 billion

Naftogaz of Ukraine’s new claims against Russian Gazprom under the Stockholm arbitration increased within four months, from $11.6 billion to over $12 billion, reported Interfax, citing Naftogaz CEO Yuriy Vitrenko.

“We shall recover all the money from Gazprom according to the previous decisions of the arbitration court. We have already recovered $2.1 billion in gas and $18 million in cash. We will also collect the remaining $2.6 billion,” emphasized Vitrenko.

On June 6, 2018,  Naftogaz filed a new lawsuit to the Stockholm Arbitration requesting a review of the gas transit tariff under a contract with PJSC Gazprom. The court declared in their favor and instructed Gazprom to pay Naftogaz billions of dollars.

On February 28, during the hearing on the Naftogaz vs Gazprom case, the Arbitration of the Stockholm Chamber of Commerce partially satisfied the claim of the Ukrainian company and decided that Gazprom should pay $4.63 billion for undersupplying the gas under the transit agreement.

However, considering Naftogaz’s debt for the already supplied gas, the amount would decrease to $2.56 billion. 

  Naftogaz, Gazprom, Stockholm Arbitration Court