Naftogaz: the Court reversed all of the requirements of Gazprom

June 1, 2017

Naftogaz and Gazprom require each other tens of billions of dollars The Stockholm arbitration court has satisfied the requirement of the Ukrainian company on the revision of the rates in the contract subject to market conditions. The Stockholm arbitration court abolished the requirements of the Russian Gazprom to Ukrainian Naftogaz at the condition of “take or pay”.

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The exchange rate on June 1: the national currency is growing

June 1, 2017

The hryvnia rate on 1.06.2017 The NBU has strengthened the hryvnia exchange rate to 26.31 hryvnia per dollar. The national Bank of Ukraine as of 1 June 2017 compared to the previous banking day strengthened the hryvnia exchange rate to 26.31 hryvnia per dollar. The official exchange rates at 1.06.2017: 2631,0335 hryvnia for $ 100 (-4,2443); 2952,2827 hryvnia for 100 euros (-7,8868); 4,6413 hryvnia for 10 rubles (-0,0215

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Oil prices fell below $50 a barrel

June 1, 2017

Oil prices fall again Experts note that the market is too much oil and not enough demand. Oil prices intensified the decline, dropping below $50 per barrel during trading. So, the July futures for Brent crude on the London ICE Futures exchange to 17:54 in Kyiv fell by $1.91 a (3,66%) to $49.95 per barrel. July futures for WTI crude oil on the new York Mercantile exchange (NYMEX) fell by…

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The decision of the court in Stockholm intermediate – Gazprom

June 1, 2017

Gazprom called an “interim” decision of the Stockholm arbitration on the dispute with Naftogaz. The Stockholm arbitration court can make a final decision on the dispute between Gazprom and Naftogaz on gas supplies to Ukraine before the end of June. This is stated in the press service of Gazprom. The company stated that they received “a separate (intermediate) solution” of the Stockholm arbitration. It “is an intermediate stage of the…

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