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In late May 2018, Naftogaz of Ukraine launched in foreign courts the process of forcing the $2.6 billion debt from Gazprom.
A Swiss court ruled to lift interim measures off the shares of Russia's gas monopoly Gazprom in the companies-operators of the Nord Stream and Nord Stream 2 gas pipelines, namely Nord Stream AG and Nord Stream 2 AG, respectively.
"On January 16, the court in the canton of Zug (Switzerland) decided to completely cancel its ruling of May 29, 2018, imposing interim measures in Switzerland on Gazprom's shares in Nord Stream AG and Nord Stream 2 AG and on Gazprom's claims to these companies," Gazprom tweeted on January 17.
As UNIAN reported earlier, at the end of February 2018, Russia's gas monopoly Gazprom lost a lawsuit filed by Naftogaz with the Stockholm Arbitration over a gas transit contract. Gazprom was obliged to pay $4.6 billion to the Ukrainian side.
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At the same time, taking into account the arbitration award on the gas supply contract, the final amount of settlements between the two companies is $2.6 billion in favor of Naftogaz.
Against the backdrop of their loss, Gazprom announced their intention to terminate via court its contracts with Ukraine for the supply and transit of gas. Late in March, Gazprom officially notified Naftogaz of their refusal to comply with the arbitration award.
In late May, Naftogaz began the process of forcing the $2.6 billion debt from Gazprom in foreign courts. The recovery process is under way 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.