Naftogaz supervisory board rewards company's staff for Stockholm arbitration success
The Naftogaz supervisory board has decided to recognize the achievements of the company's employees with bonuses for winning the transit case in the Stockholm arbitration process against Russia's Gazprom.
"The total reward equals $46.3 million, 1% of the awarded $4.6 billion. Personal income tax and other deductions from this amount paid to the state of Ukraine will exceed $9 million. The reward list includes 41 staff members who made a significant direct or indirect contribution to the successful outcome. The list includes employees at various levels of the company, and the reward reflects each person's contribution," according to the report on the company's website.
"Naftogaz case against Gazprom was exceptional in terms of both the amount of claims and the outcome. No one has ever achieved such a significant victory over Gazprom in arbitration. Regardless of the skepticism around the management's decision at the beginning of the transit arbitration, the outcome is stunning. The Naftogaz team demonstrated high professionalism and commitment," Naftogaz Supervisory Board Chairperson Clare Spottiswoode explained the decision.