The court sided with Gazprom in dispute with Ukraine

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Photo: Maksim Blinov / RIA Novosti

Russian state Corporation “Gazprom” has achieved stay of execution of the decision of the Stockholm arbitration on transit contract with the Ukrainian “Naftogaz”. On Thursday, June 14, reports “Interfax” with reference to the message of the company.

“June 13th court of appeals district of Svea (Sweden) granted the petition of “Gazprom” and issued the order on suspension of execution of the decision of the Stockholm arbitration, dated 28 February 2018 in a dispute between “Gazprom” and “Naftogaz of Ukraine” in the framework of the contract for gas transit through the territory of Ukraine”, — stated in the message.

The petition was submitted by “Gazprom” on June 7 in connection with the appeal arbitration award under the transit contract and the attempts to “Naftogaz” to consideration of the merits to begin enforcement of the decision.

“The court of appeal agreed that there was sufficient cause for suspension of execution of the decision of the Stockholm arbitration. The sentencing order deprives the NJSC “Naftogaz of Ukraine”, including the grounds for the attempts of seizure of assets of “Gazprom” abroad. This fact will be used by Gazprom for the appeal of actions of judicial police officers in Switzerland and the Netherlands”, — said the Russian company.

“Gazprom” demands to cancel the decision of arbitration on transit contract, since a significant part of his text, as evidenced by the results of linguistic examination was written not by the arbitrators, and third party.

June 7, Gazprom announced that the Corporation does not intend to execute the decision of the Stockholm arbitration and to pay the Ukrainian “Naftogaz” with 2.56 billion dollars, and in the beginning of the month Russia threatened Ukraine with problems with gas because of the seizure of assets of “Gazprom”.

For the first time, Naftogaz demanded the arrest of Russian assets in their favour on may 30. The Stockholm arbitration court ruled that Russia needs Ukrainian of 2.56 billion dollars, each day of delay costs “Gazprom” half a million dollars.

Video, photo All from Russia.

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