«Naftogaz» to «Gazprom» for three days of late payment, $1.8 million

© RIA Novosti / Maxim to Aminopherase in fotomontaggi company Gazprom. Archival photo«Naftogaz» to «Gazprom» for three days of late payment, $1.8 million© RIA Novosti / Maxim to Aminopherase the image Bank

«Gazprom» has not received from «Naftogaz of Ukraine» payment for delivered gas, recovered by the arbitration court of Stockholm fines for late payment amount of $ 1.8 million, said the Chairman of the Board «Gazprom» Alexander Medvedev.

He said that every day is costing the Ukrainian company 600 thousand dollars.

The Stockholm arbitration court on Friday issued a final decision on the activities of «Gazprom» to «Naftogaz». The Russian company said that the court recognized the basic operating provisions of the contract and has satisfied most of its requests for payment for delivered gas. The arbitration has obliged «Naftogaz» to pay 2, 019 billion dollars, plus interest from December 22, in the amount of 0,03% for each day of delay.

The Ukrainian company claims of victory in court. «Naftogaz», assured that the Tribunal «rejected the demands of Gazprom’s take or pay («take or pay». — Approx. ed.) at 56 billion dollars.» The overall gain from a court decision, the Ukrainian side is estimated at $ 75 billion.

The litigation continued in 2014. The subject claims were contracts for the supply of gas from Russia to Ukraine and gas transit through the territory of the second. The bulk of the claims of «Gazprom» to «Naftogaz» had to penalties for arrears of gas at the contractual rule of «take or pay». Ukrainian company demanded that the Russian retroactively changes rates, refund overpayments for unrevised gas prices and transit tariffs, and the abolition of the ban on the resale of gas contracted.