Gazprom won't be contesting Stockholm ruling on gas supply contract in dispute with Naftogaz

14:52, 15.01.2018 1 min read

Gazprom will not be disputing the ruling by the Arbitration Institute of the Stockholm Chamber of Commerce regarding the contract to supply gas in the dispute with Ukraine's Naftogaz, Alexander Medvedev, the Russian gas giant's deputy CEO, told reporters.

Gazprom filed an appeal with the Svea Court of Appeal (District 356) in Sweden on November 7 against an interim ruling by the Arbitration Institute of the Stockholm Chamber of Commerce on a claim regarding the gas supply contract dated January 19, 2009 and the partial cancelation of the contract. The interim ruling was made on May 31. The final ruling was handed down at the end of December.

"There's nothing new there. The arbitration ruling has gone into effect. An appeal? What for?" Medvedev said.