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Stockholm court rules for Ukrainian Naftogaz in its spat with Russian Gasprom, cancels gas re-export ban

Stockholm court rules for Ukrainian Naftogaz in its spat with Russian Gasprom, cancels gas re-export banThe Stockholm arbitration tribunal has upheld Naftogaz Ukrainy's demand to cancel the ban on re-export of gas, Ukrainian Deputy Foreign Minister Olena Zerkal said.

Read also: Lithuania joins Polish lawsuit against Russian Gasprom on Nord Stream gas pipeline

"The Arbitration Institute of the Stockholm Chamber of Commerce has given its response to questions in a dispute concerning the 2009 gas supply contract between Naftogaz and Gazprom... Their position on key issues is as follows: 1) take-or-pay conditions (which account for the lion's share of Gazprom's claims) are canceled in full; 2) the re-export ban is canceled in full; and 3) the price formula is revised from 2014 - the European hub. This is an unambiguous win. Euro-integration remains in force," Zerkal wrote on Facebook on Wednesday.
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