Photo from UNIAN
The court is expected to hand down its ruling on February 25, 2020.
Executive Director of NJSC Naftogaz of Ukraine Yuriy Vitrenko says the company positively evaluates court hearings to recover about US$3 billion in debt from Russia's gas giant Gazprom under the Stockholm Arbitration award, which took place in Amsterdam on December 4.
"The hearings on the recognition and enforcement of the Stockholm Arbitration award have finished in Amsterdam today. Noteworthy, Gazprom has to pay us about US$3 billion under the award," he wrote on Facebook on December 4.
"We consider that the hearings were successful for us. Therefore, we expect a positive court decision that will allow us to proceed with the sale of Gazprom's assets, which we earlier had frozen successfully," he added.
According to Vitrenko, the court is expected to hand down its ruling on February 25, 2020.
As UNIAN reported earlier, Ukraine has not imported gas from Russia since November 2015.
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 US$4.6 billion to the Ukrainian side.
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 US$2.6 billion in favor of Naftogaz.
In March 2018, Gazprom officially notified Naftogaz of their refusal to comply with the arbitration award. In late May, Naftogaz began the process of enforcing the US$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.