Kyiv business court of appeals upholds Ukraine's competition agency's UAH 172 bln fine imposed on Gazprom

10:17, 23.02.2017 1 min read

Kyiv's business court of appeals upheld the decision of the court of a lower instance to collect a fine of UAH 172 billion from Russia's Gazprom for abuse of monopoly.

An Interfax-Ukraine correspondent has reported that the decision was made on Wednesday.

"The counterclaim of Gazprom is dismissed, and the court ruling is upheld," Judge Karolina Tarasenko said.

In turn, Ukraine's Antimonopoly Committee said that the court ruling must be urgently executed.

"The decision of Kyiv's business court made on December 5, 2016 took effect today and is to be executed. Thus, Gazprom is obliged to pay UAH 171.9 billion to the Ukrainian national budget and abate infringements," the press service of the committee said.

Earlier Kyiv's business court satisfied the claim of the committee against Gazprom seeking to collect UAH 172 billion from the company.