Politics 2021-07-15T08:07:36+03:00
Ukrainian news
Court On February 22 To Continue Examining Gazprom Appeal Against Recovery Of UAH 172 Billion Antimonopoly Com

Court On February 22 To Continue Examining Gazprom Appeal Against Recovery Of UAH 172 Billion Antimonopoly Committee Penalty From It

Russia, Gazprom, Kyiv Economic Court of Appeal, Antimonopoly Committee of Ukraine, penalty, fees, gas monopoly, Kyiv Economic Court

On February 22, the Kyiv Economic Court of Appeal will continue the examination of the appeal Russia's gas monopoly Gazprom brought against the Kyiv Economic Court's award of December 5, 2016 that satisfied the claim filed by the Antimonopoly Committee of Ukraine involving recovery of UAH 172 billion of penalty and late fees from Gazprom (over USD 6 billion at the current NBU exchange rate).

Ukrainian News Agency learned this from the appeal court's information desk.

At the January 18 sitting, Presiding Judge Karolina Tarasenko considered Gazprom's motion to order an economic examination, and decided to take a recess in the hearing.

As Ukrainian News Agency earlier reported, the Committee on January 22, 2016 fined Gazprom UAH 85.9 billion for abuse of monopoly on the gas transit market.

Gazprom was notified on the penalty payment on March 4, 2016, so it had to pay the penalty before May 4, 2016.

April 12, 2016, Gazprom challenged the Committee's decision at the Kyiv Economic Court. April 13, the Court returned the lawsuit without consideration.

Gazprom tried to appeal against the Kyiv Economic Court's ruling on leaving its suit without consideration but courts of higher instances upheld lawfulness of this decision.

The Committee lodged the lawsuit for the collection of UAH 172 billion of penalty and late fees on October 5, 2016.

The Ministry of Energy of the Russian Federation thinks that the Economic Court of Kyiv's decision of December 5, 2016 that satisfied the claim filed by the Antimonopoly Committee of Ukraine involving recovery of UAH 172 billion of penalty and late fees from Gazprom poses new risks for the reliability and stability of transit of Russian gas through Ukraine. The RF Ministry called upon Ukraine to cancel this decision.

Minister of Energy and Coal Industry Ihor Nasalyk believes that seizure of transit gas following the Economic Court of Kyiv's decision to recover the Antimonopoly Committee penalty from Gazprom is impossible.

The Minister also confirmed that Prime Minister Volodymyr Groysman had assured the European Commission that transit gas is not to be arrest by court order.

The Committee is considering a possibility of recovering the penalty from Gazprom in foreign jurisdictions too.


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