Kiev demands from Gazprom for $14 billion

Киев требует от Газпрома $14 миллиардов

Naftogaz requires this amount for the overpayment on the contract.

The Russian company Gazprom for the first time revealed the amount of counter-claims of Naftogaz in the Stockholm arbitration on the case concerning the terms of the contract for the supply of gas to Ukraine.

“Specified amount requirements of Naftogaz of Ukraine PJSC Gazprom amounted to over $14.23 billion dollars”, – stated in the report of Gazprom. It is reported that the oral hearing scheduled for September-October 2016, a decision by the arbitrators is planned before the end of March 2017.

We will remind, Naftogaz and Gazprom are suing in the Stockholm arbitration with Jun 2014 due to gas supply and transit. The Russian side demands from Naftogaz of 38.7 billion dollars, including interest.

According to NAK Naftogaz of Ukraine, the total amount of claims to Gazprom in the framework of consideration at the Arbitration Institute of Stockholm chamber of Commerce is $26.6 bln.

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