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Image header Agence Europe
Europe Daily Bulletin No. 11325
EXTERNAL ACTION / (ae) russia-ukraine

Further Gazprom action against Naftogaz

Brussels, 01/06/2015 (Agence Europe) - Russian gas group Gazprom announced its intention on Friday 29 May to lodge a further action against the Ukrainian gas operator Naftogaz with the Stockholm Chamber of Commerce Arbitration Institute relating to penalties of $8.2 billion for gas not consumed but contracted for delivery by Gazprom to Naftogaz.

Gazprom took Naftogaz to the Stockholm Arbitration Institute in June 2014 over arrears of $4.5 billion. Naftogaz retaliated with an action for...

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