Naftogaz says Gazprom’s debt has increased by $257 mln over non-fulfillment of tribunal’s ruling

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Gazprom’s debt to Naftogaz Ukrainy due to its non-fulfillment of a Swedish arbitration tribunal’s determination that Gazprom owes the Ukrainian company $2.56 billion had grown to $257 million as of June 30, according to Naftogaz Ukrainy.

“The Tribunal ordered a single amount of $2.56 billion payable by Gazprom in favour of Naftogaz. This amount also bears a late payment interest. As at 30 June 2019, amount due from Gazprom after the set-off comprises $2.817 billion including interest,” Naftogaz’s financial report for H1 reads, according to Interfax Ukraine.

On February 28, 2018, the Arbitration Institute of the Stockholm Chamber of Commerce ordered Gazprom to pay Naftogaz Ukrainy $4.63 billion over the failure to meet gas transit obligations.

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