Ukrainian President confident Russia will pay all damages for Ukraine's gas contract losses

Ukrainian President Petro Poroshenko expressed confidence that Russia would pay for all damages regarding the gas contracts. According to him, Stockholm Arbitration Court estimated Kyiv’s losses from the termination of contracts at $4.6 billion, 112 Ukraine channel reports.

Poroshenko also recalled that several days ago passed the thousandth day that Ukrainians have been living without Russian gas because of the embargo. “The Russians will not bring us to our knees with its gas ligature and gas blackmail,” he added.

On February 28, the Stockholm Arbitration Court made the final decision in the dispute between Russian Gazprom and Ukrainian Naftogaz regarding the contract of gas transit through Ukraine. The court required the Russian company to pay $4.63 billion for incomplete delivery of gas for Ukraine.

Gazprom still owes $2.56 billion for already delivered gas, considering Naftogaz’s $2.1 billion debt. However, Gazprom did not agree with the Court’s decision.

  Ukraine, Russia, Naftogaz, Gazprom, Stockholm Arbitration Court


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