10:00 04.06.2018

Court to again hear issue of collecting part of Gastransit's profit to levy fine imposed on Gazprom by competition agency

1 min read
Court to again hear issue of collecting part of Gastransit's profit to levy fine imposed on Gazprom by competition agency

 The business court of Kyiv would repeatedly hear the issue of collecting part of net profit of private joint-stock company Gastransit in favor of the national budget of Ukraine to levy a fine imposed on Russia's Gazprom by the Antimonopoly Committee of Ukraine.

According to the unified register of court rulings, the court scheduled the hearing of the lawsuit imitated by the State Enforcement Service for June 12.

Earlier the business court twice made decisions to collect part of net profit of Gastransit – UAH 79.877 million accrued in the form of dividends to Gazprom. However, the two decisions were annulled in higher court instances and sent for repeated hearing.

As reported, the Antimonopoly Committee in January 2016 decided to fine Gazprom UAH 85 billion for abuse of its monopoly of the Ukrainian market for transit shipments of natural gas. This decision was upheld on several occasions by Ukrainian courts. Later the sum of the fine had grown to UAH 172 billion (about $6.4 billion) with penalties for nonpayment.

Naftogaz Ukrainy and Gazprom each own 40.2174% of shares in Gastransit, and Turkey's Turusgas owns 19.5652%.

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