Another lawsuit filed against Gazprom: Naftogaz set to enforce debt

National Joint-Stock Company Naftogaz of Ukraine has launched a debt enforcement procedure in Europe against Russia's energy giant Gazprom over $2.6 billion the Russians fail to pay to Ukraine in defiance of the awards handed down by the Stockholm Arbitration.

Naftogaz is also preparing a new claim for damages incurred from for such behavior by Gazprom, as reported by the Naftogaz press service.

Read alsoGas transit via Ukraine to drop by 90% once Nord Stream 2 launched – Gazprom"Given the position of the Russian side, Naftogaz is forced to formally initiate a procedure to enforce the award in Europe and is preparing a new claim for damages incurred by non-fulfillment of arbitration awards on the part of Gazprom," the statement reads.

As UNIAN reported earlier, Gazprom lost a gas dispute with Naftogaz in the Stockholm Arbitration, being obliged to pay the Ukrainian company some $2.56 billion and supply up to 5 billion cubic meters of gas per year in 2018-2019 at prices in line with the cost of gas in European gas hubs.

Read alsoUkraine's Naftogaz to go after Gazprom assets in EU, not gas transitDespite defeat, Gazprom announced intention to terminate in court the contract with Ukraine for the supply and transit of gas, and reduced the pressure in the gas transmission system, which complicated gas transit to Europe and caused a temporary gas shortage in the GTS (March 2-3).

After the "gas" crisis was successfully overcome, the European Commission stated that Ukraine fulfilled all obligations it had assumed on gas transit supplies.

In the last decade of March, Gazprom officially notified Naftogaz on their refuses to comply with the arbitration award.