09:45 14.09.2018

Swedish appeals court withdraws temporary stay on court judgement in Naftogaz-Gazprom dispute

1 min read
Swedish appeals court withdraws temporary stay on court judgement in Naftogaz-Gazprom dispute

Sweden's Svea Court of Appeal has withdrawn a temporary stay on the Stockholm arbitration ruling in accordance with which Gazprom must pay Naftogaz Ukrainy $2.6 billion, Naftogaz Chief Commercial Officer Yuriy Vitrenko said on his Facebook page.

"The Swedish appeals court has considered our arguments and withdrawn its decision temporarily staying the obligatory execution in Sweden of the arbitration decision, consistent with which Gazprom must pay us more than $2.6 billion," he said.

"We have once again proved to everyone that Gazprom has to immediately implement the arbitration award. And now we are continuing enforcement on all countries," Vitrenko added.

The press service of Naftogaz, in turn, noted that Gazprom could suspend the process of forcible recovery, paying the debt voluntarily.

"In its ruling, the court noted it is not subject to appeal. The decision also means that the court considers it unlikely that Gazprom will succeed in contesting the decision of the Stockholm arbitration on the transit contract with Naftogaz. This appeal is considered in the same court," the statement says.

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