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Dutch assets of Russia's Gazprom arrested for payment of $2, 6 billion to Ukraine

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The Dutch assets of the Russian Gazprom were arrested for the payment of $2, 6 billion to Ukraine's Naftogaz by the decision of the Stockholm Arbitrage as
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'Last week, Naftogaz has appealed toward the arrest of the shares of the Gazprom in its Dutch affiliated companies and debts of the affiliated companies of the Gazprom. The appeals were filed to provide the right of Naftogaz to get $2, 6 billion from the Russian monopolist by the decision of the Stockholm Arbitrage made in February 2018. The Dutch court has satisfied all appeals, but six out of seven affiliated companies of Gazprom in the Netherlands refused to cooperate with the court officers. However, it will influence the arrest', the message said.

Also, Naftogaz initiated the arrest of other assets, including Gazprom's shares in its affiliated companies Nord Stream AG and Nord Stream 2 AG.
'The Swiss court has satisfied the appeals and the court officers hold actions to freeze these and other assets', the message said.

Naftogaz noted that Gazprom's appeal against the decisions of the Stockholm Arbitrage does not mean the automatic postponement of the obligation of the Russian company to urgently pay and does not influence the process of the recovery.
'The confirmation to this is the quick decisions of the European courts of the different jurisdictions', the message concluded.

As it was reported earlier, Russia's energy monopolist Gazprom refused to abide by the decision of Stockholm arbitrary court
. Gazprom's delegation offered the Ukrainian side to either submit amendments to the gas deal or to break it. Naftogaz considers such actions a violation and disrespect for the decision made by Stockholm arbitrary court. Naftogaz refuses to accept Gazprom's offers. The Russian company's denial to obey the decision of the international arbitrary questions Gazprom's reliability as European gas industry's partner', the message said, quoting Naftogaz's Chief Commercial Officer Yuriy Vitrenko.   
Two arbitrary disputes between Gazprom and Naftogaz at the Arbitration Institute lasted for over three years: the dispute on the gas debt – from June 2014 to December 2017, on the transit agreement – from October 2014 to February 2018. There are less than two years left until both agreements terminate (at the end of 2019).

The Arbitration Institute of the Stockholm Chamber of Commerce has granted the lawsuit of Naftogaz as to compensation for the volumes of transit gas that had not been delivered by Gazprom on February 28. According to the decision of the court, Naftogaz got a $4,63 billion compensation for the transit gas that had been agreed on, but not delivered by Gazprom.
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