REUTERS
Rulings of lower instance courts were upheld as adopted in line with the rules of substantive and procedural law.
The Supreme Court of Ukraine has overruled the cassation appeal by Russia's gas monopoly Gazprom under the lawsuit lodged by the Antimonopoly Committee of Ukraine (AMCU) on enforced recovery from Gazprom of a UAH 85.9 billion (US$3.1 billion) fine for violating the Ukrainian competitive legislation and a UAH 85.9 billion in penalties.
The Court ruling dated November 14 was published in the Unified State Register of Judicial Decisions.
The decision is final and binding, coming into force on the day of its adoption.
It is noted that the rulings of previous instance courts were upheld as adopted in line with the rules of substantive and procedural law.
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As UNIAN reported earlier, in March, the Kyiv Economic Court of Appeal upheld the decision of the Kyiv Economic Court to satisfy the claim of the AMCU on enforced recovery from Gazprom of a UAH 85.9 billion fine for violating the Ukrainian competitive legislation and a UAH 85.9 billion in penalties.
In January 2016, the Antimonopoly Committee of Ukraine set a fine of almost UAH 86 billion (about $3.1 billion) to Gazprom for abusing a monopoly position in the gas transit market. The decision was made as part of the government's mandate, as well as amid official accusations of the European Commission against Gazprom in connection with its dominant position in the market of Central and Eastern Europe, in breach of the European Union's antitrust rules.