Media: Kolomoisky's companies claim Ukraine owes $4.67 bln in Ukrnafta lawsuit heard in Stockholm

17:22, 06.06.2016 1 min read

Littop Enterprises Ltd., Dridgemоnt Ventures Ltd. and Bordo Management Ltd. (all based in Cyprus and under control of Ihor Kolomoisky and Hennadiy Boholiubov), minority shareholders in public joint-stock company Ukrnafta, have claimed that Ukraine is to pay $4.67 billion in the lawsuit over Ukrnafta head in the Arbitration Institute of the Stockholm Chamber of Commerce, ZN.UA publication has reported.

The sum includes $2.063 billion as loss of dividends, $0.932 billion as fines and $1.679 billion as the loss of shares.

Littop Enterprises Ltd., Dridgemоnt Ventures Ltd. and Bordo Management Ltd. say that Ukrnafta's gas was seized and sold by national joint-stock company Naftogaz Ukrainy at the price lower than prices on the market, and the royalty for Ukrnafta was set too high.

The claimants also said that the corporate structure of Ukrnafta was changed and persons appointed by the investors were removed from Ukrnafta management.

The press service of Ukrnafta has declined to comment the lawsuit.