The court withdrew the arrest of assets in Britain – Gazprom

Суд снял арест с активов в Британии – Газпром

The seizure of assets in the British jurisdiction, Gazprom has limited its access to the global financial market.

The English court quashed the order dated June 18, 2018 on arrest of the assets of Gazprom on the territory of England and Wales. Obetom according to Interfax with reference to the information Department of Gazprom on Thursday, September 13.

A prerequisite for the lifting of the order was adopted by the Gazprom obligation not to dispose of the shares of Nord Stream AG until the end of the hearings in the English court on the recognition and enforcement of a decision of the Stockholm arbitration in the case of the transit of February 28, 2018. The hearing previously scheduled for February 2019.

“Gazprom will continue to defend their rights by all available means under the applicable law”, – assured the Russian company.

Also otmechaet that the seizure of assets in the British jurisdiction – most sensitive for Gazprom, as it limits his access to the global financial market, putting the transaction to raise funds through Eurobonds or club loans at risk of freezing on the claims of Naftogaz.

“In June, Gazprom had to cancel the transaction on placing of Eurobonds in pounds. His last transaction on the market of bilateral loans, the monopoly prefers not to make public”, – is spoken in the message.

We will remind, the order about the arrest of the assets of Gazprom on the territory of England and Wales was passed by the High court of England and Wales on 18 June 2018 at the request of Naftogaz in connection with the compulsory execution of the decision of the Stockholm arbitration on the dispute about gas transit from February 28, 2018.

Earlier on Thursday, the 13th of September, a Swedish court granted a request of Naftogaz to cancel the order on suspension of execution of the decision of the Stockholm arbitration. Gazprom will seek review of this decision.

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