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Court attached Gazprom’s Dutch assets to secure settlement with Naftogaz 06/05/2018 13:13:22. Total views 633. Views today — 1.

The Dutch court granted the petitions of Naftogaz Ukrainy to attach the assets of the Russian Gazprom, which failed to comply with the decision of the Stockholm Arbitration Court and did not pay the Ukrainian side USD 2.56 billion, the press service of Naftogaz reports.

Last week, Naftogaz, Ukraine’s national oil and gas company, filed a petition for an attachment of Gazprom’s shares in its Dutch subsidiaries and any debts owed from these subsidiaries to Gazprom.

“These petitions were made to secure Naftogaz's right to payment of USD 2.6 billion by Gazprom pursuant to the arbitration award issued in February 2018. A Dutch court approved the petitions; however, six out of seven of Gazprom's Dutch subsidiaries have refused to cooperate with the bailiffs. This does not affect the validity of the attachments”, - the report said.

“Naftogaz will use all legitimate measures and tools available to us to enforce the decision and fully recover the amount awarded from Gazprom. Unfortunately, the company is not acting in good faith, in respect neither of the arbitration awards, nor with the orders of European courts in other jurisdictions”, - Naftogaz’s CEO Andriy Kobolyev commented.

“The tribunal has ruled that Gazprom has to reimburse to Naftogaz USD 4.63 billion in damages for failing on the transit contract. We have already effectively received USD 2.1 billion which pursuant to the award in the transit case was offset against the payment for gas Naftogaz had purchased from Gazprom before. Now we are working to recover the remaining amount”, - explained CCO Yuriy Vitrenko.