“Naftogaz of Ukraine” boasted a non-existent record profits

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Photo: Valery sharifulin / TASS

“Naftogaz of Ukraine” announced record profits for year-end 2017, including not yet received the money according to the decision of the Stockholm arbitration court in the dispute with “Gazprom”. About it reports TASS.

So, according to the report, the company profit amounted to UAH 39.4 billion ($1.5 billion). If the court ruled in favor of “Naftogaz”, the company would have incurred a net loss of $ 7.4 billion hryvnia (over 284 million dollars).

In addition, in a statement said that “Naftogaz” has increased production, worked on the return of debt, created the conditions for increasing transit as well as started to implement a new procurement system. According to the company, it remains the largest donor of the budget of Ukraine, providing about 15 percent of income.

The Stockholm arbitration court issued a decision on the contract for the supply of gas to the dispute between “Gazprom” and “Naftogaz” at the end of 2017. In General, the arbitration has satisfied the requirements of the Ukrainian company, having obliged the Russian side to pay for failure to supply gas transit contract of 2.56 billion dollars. Gazprom challenged this decision, the Ukrainian side is seeking its execution.

Video, photo All from Russia.

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