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| Ukraine begins seizure of Russian energy giant Gazprom's assets, citing Stockholm court decision | Ukraine begins seizure of Russian energy giant Gazprom's assets, citing Stockholm court decision |
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| The Ukrainian authorities have started the seizure of assets belonging to the Russian gas giant Gazprom, citing its alleged non-compliance with the decision of the Stockholm arbitration court. | |
| “Under the current circumstances, the Ukrainian cabinet initiates action aimed at recovering [a] penalty from… Gazprom,” the Ukrainian government’s press service said in a statement published on its official website. It also claimed that the move was conducted in compliance with the decision of the Stockholm court and involves collecting a fine from the Russian company over its alleged violation of Ukrainian anti-monopoly legislation. | |
| The Swedish arbitration body initially ruled on the three-year dispute between Gazprom and the Ukrainian energy company, Naftogaz, back in December 2017. The policy of the court prevents it from even acknowledging that it’s mediating a case, which makes it impossible to obtain its own account of the final ruling. Both energy companies, which have opposing takes on the outcome, initially claimed victory in the case. | |
| In late February, the same court ordered Gazprom to compensate Naftogaz $4.6 billion for what the latter sees as lost profit from the transit of Russian gas to Europe. | |
| DETAILS TO FOLLOW | DETAILS TO FOLLOW |