World, Europe

Ukrainian gas company wins dispute case

Ukraine’s state-owned energy company Naftogaz says Stockholm court rejected Gazprom’s take-or-pay claim

Handan Kazancı  | 22.12.2017 - Update : 22.12.2017
Ukrainian gas company wins dispute case

Ankara

By Ali Cura

KIEV, Ukraine

Russian gas giant Gazprom has lost a commercial dispute against Ukraine’s state-owned energy company Naftogaz, the Ukrainian company said on Friday.

In a statement, the company said the Stockholm-based International Court of Arbitration rejected Gazprom’s take-or-pay claim for around $56 billion for gas sold between 2009 and 2017.

Since Russia’s illegal annexation of the Crimea region in 2014, Ukraine has been wracked by conflict in its eastern areas with Russian-backed separatists, leading to more than 10,000 deaths, according to the UN.

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