Decision by Stockholm Arbitration saves Ukraine from paying $56 bln to Gazprom - Naftogaz

21:10, 20 December 2017
853 0

The first decision by the Stockholm Arbitration, issued in May 2017 in the dispute between Naftogaz of Ukraine and Russia’s Gazprom over the gas purchase contract canceled the "take or pay" principle and, consequently, overruled Russia’s claims totaling $56 billion, chief commercial officer of Naftogaz, Yuriy Vitrenko, told a press conference in Ukrtransgaz.

Please Subscribe For Full Access

If you see a spelling error on our site, select it and press Ctrl+Enter