The Russian company sent a payment requirement in accordance with the decision of international arbitration. In the case of refusal, the Naftogaz will begin to implement the approach for implementing the owners.
The Naftogaz Group sent a payment demand for the Russian Company Gazprom to pay $ 1.37 billion in accordance with the final decision of the international arbitration in Zurich received on June 20, 2025. On Tuesday, June 24, the Naftogaz press service reported.
The amount includes the main debt for the services for the gas transit repair according to the 2019 agreement, penalties and compensation for all legal costs earned by Naftogaz, the Ukrainian company.
“In the event that Gazprom refuses, Naftogaz willingly decide to implement the approach for implementing the property of the Russian company,” the report said.
The topic of arbitration is the end of the Gazprom for gas travel since May 2022 in violation of contract obligations on the “Get or Pay” principle. In September 2022, Naftogaz began an arbitration, which Gazprom tried to hinder Russian courts. As a result, the tribunal of arbitrators from Sweden, Switzerland and Israel made a decision in favor of the Ukrainian company.
Naftogaz’s press service added that the group will continue the process of implementing the arbitration decision on payment of $ 5 billion for illegal expenditure of property in Crimea in 2014.
“The process of compulsory implementation continues at different stages in the ten constituents. There are first results in Finland and France -Russia’s property is arrested. In other countries, work continues. For considerations of legal approach, further details have not been disclosed,” Naftogaz said.
Note that last month it was reported that according to the results of 2024, the Naftogaz group received a combined -with nearly 38 billion UAH, 64% more than 2023.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.