Economy 2021-09-15T08:21:29+03:00
Ukrainian news
Appeal Court Upholds Ruling To Collect From Gazprom AMCU's Fine Of UAH 172 Billion

Appeal Court Upholds Ruling To Collect From Gazprom AMCU's Fine Of UAH 172 Billion

transit, fine, natural gas, Gazprom, Antimonopoly Committee of Ukraine, Kyiv Economic Appeal Court

The Kyiv Economic Appeal Court has upheld a ruling of the Kyiv Economic Court of 5 December 2016 to collect from Gazprom a fine of UAH 172 billion (USD 6.4 billion) imposed by the Antimonopoly Committee of Ukraine for the monopoly abuse in Ukraine's market of natural gas transit.

Judge Karolina Tarasenko read the decision, a correspondent of Ukrainian News Agency reports from the courtroom.

Gazprom has a right to appeal against the decision of the Kyiv Economic Appeal Court at the Higher Economic Court of Ukraine.

As Ukrainian News Agency earlier reported, on 22 January 2016, the Antimonopoly Committee of Ukraine fined Gazprom UAH 85.9 billion for abuse of monopoly in 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. On April 13, the Court returned the lawsuit within consideration.

Gazprom tried to challenge 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 December 5 decision 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 of Ukraine 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 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 on foreign jurisdictions further.


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