The liquidation of Naftogaz Ukrainy in the next six years will impede recovery of funds from Russia's Gazprom, Naftogaz Chief Commercial Officer Yuriy Vitrenko has said.

"New arbitration against Gazprom with our claims exceeding $12 billion, taking into account our experience, will end no earlier than in two or three years. We already know that Gazprom avoids implementing the decision of international arbitration and in such conditions forcible recovery will take at least another year. That is, already four years. And to take into account contesting in the Court of Appeal and the Supreme Court of Sweden, it's not four years, but six years," he wrote on Facebook.

Vitrenko noted that, thus, the liquidation of Naftogaz after the next presidential election is impossible.

According to the chief commercial director of Naftogaz, in general, initiatives to liquidate the company are devoid of common sense, since in this case it will be necessary to significantly expand the functions, the staff of Ukrgazvydobuvannia and the country will not receive any gain.

As reported, earlier Yulia Tymoshenko announced the intention to liquidate Naftogaz Ukrainy after the presidential elections if she will be victorious.