Naftogaz commented on the arrest bonds of Gazprom

Нафтогаз прокомментировал арест бондов Газпрома

The debt of Gazprom to Naftogaz at the arbitration award exceeded $ 3 billion

The Ukrainian company has confirmed the arrest of evroobligatsiy Gazprom in Japanese yen and recalled the amount of debt.

Naftogaz pottery information about the arrest in respect of the SPV companies to issue Eurobonds of Gazprom in Japanese yen. About it reports a press-service of the company on Monday, November 11.

It is noted that in the case that Gazprom will for some time continue “to ignore decisions of international arbitration, to play the fool and ignore the arrests of their assets,” his “only hope will remain state grants”.

“Now Gazprom owes Naftogaz almost $ 3 billion (more than us $ 12 billion, we require the new arbitration). In some foreign jurisdictions is judicial recognition and enforcement of arbitral awards. The message is the thesis that Gazprom has chosen the UK jurisdiction “courts which have protected the assets of Gazprom claims Naftogaz”. We don’t know who the author of the thesis, but we assume that his aim is to lull potential investors Gazprom, because the UK is one of the most successful jurisdictions for Naftogaz from the point of view of the process of compulsory execution of Arbitration decision”, – stated in the message.

In Naftogaz said that today as a security measure, the Gazprom decision of the court has paid 345 million, of which $ 200 million – by the decision of the British commercial court.

“Therefore, the assertion that British courts seems to be to protect the interests of Gazprom wrong. We continue to hope that the Russian management will understand the counterproductive tactics of ignoring debts and will take a more constructive position”, – reported in NAK.

As reported, recently it became known claims Naftogaz in the new arbitration against Gazprom.

 

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