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The Ministry of Justice is negotiating with legal advisors the strategy to collect from Gazprom another UAH 172 billion of debt.
Ukraine has already recovered more than UAH 100 million ($3.79 million) from the Russian energy giant, Gazprom, in the framework of the Stockholm arbitration award, Minister of Justice Pavlo Petrenko says.
"We have already collected more than UAH 100 million from Gazprom in favor of the state. Also, corporate rights of the company worth about UAH 600 million have been arrested and put out for sale," the minister tweeted.
Petrenko added that the Justice Ministry was negotiating with foreign legal advisers a strategy to recover from Gazprom another UAH 172 billion of debt.
As UNIAN reported earlier, at the end of February 2018, the Russian energy monopoly, Gazprom, lost a lawsuit filed by Naftogaz with Stockholm arbitration on a gas transit contract. Gazprom was obliged to pay to the Ukrainian side $4.6 billion.
At the same time, taking into account the arbitration award on the gas supply contract, the final amount of settlements between the companies is $2.6 billion in favor of Naftogaz.
Read alsoSwiss court re-instates attachment of Gazprom's assets – Naftogaz
Against the backdrop of their loss, Gazprom announced their intention to terminate in court its contracts with Ukraine for the supply and transit of gas. In the second decade of March, Gazprom officially notified Naftogaz of their refusal to comply with the arbitration award.
Late May, Naftogaz began the process of forcing a $2.6 billion debt from Gazprom in foreign courts. The recovery process has already begun in England, Switzerland and the Netherlands. Among the assets of interest to the Ukrainian side are the shares of companies operating the Nord Stream 1 and Nord Stream 2 gas pipelines.
In mid-June, Gazprom said that the Swedish court suspended enforcement of the Stockholm arbitration award in a dispute over the gas transit contract. Naftogaz is now challenging the court decision.