Ukraine's claims $2.56 billion victory in Gazprom legal battle

Russian state-owned gas giant Gazprom will have to pay it $2.56 billion after a Swedish court ruled in Ukraine Naftogaz's favor on February 28 in the final stage of a long-running legal battle.
The latest ruling concludes the legal dispute and dealt with Naftogaz's claims that it was owed compensation for Gazprom not sending a certain amount of gas annually via Ukraine and paying too little for the gas that did transit through Ukraine.
On March 1, Gazprom issued a statement saying it disagreed with the court's decision requiring it to pay compensation to Naftogaz, according to Russian state-run news agency TASS.
Gazpromā€™s Deputy Chairman Alexander Medvedev said that the company will not start shipments of natural gas to Ukraine's Naftogaz starting March 1, Russia state-owned RT reported.
[url]https://www.reuters.com/article/us-ukraine-crisis-russia-gaz[url]
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By: altFfour (4000.10)

Tags: Ukraine, Russia, Gazprom, Naftogaz, dispute, legal, victory, millions

Location: Ukraine

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