ST PETERSBURG – Gazprom’s announcement at the Svea Appeals Court in Sweden to challenge and partially repeal the Stockholm Arbitration Court’s preliminary ruling in the gas supply contract dispute with Ukraine’s Naftogaz will not be withdrawn, Gazprom Deputy Chairman Alexander Medvedev told Interfax.
Regarding the final arbitration decision, Medvedev said: “Yesterday it was said that there would be no challenge. However, we are not withdrawing our appeal against the interlocutory judgment. Moreover, the issuing of a final ruling means the necessary adjustments will be made in the initial appeal based on the final decision taken.”
He said that the interpretation of his words, that Gazprom would not appeal against the court’s ruling after the pronouncement of the final decision, was incorrect.
Medvedev did not give details of the appeal but said that it does not concern the debt amount for gas confirmed by the court: “We are submitting an appeal regarding the parts of the ruling with which we are not satisfied or not fully satisfied. But in relation to the debt amount, set by the court, we are expecting the Ukrainian side to comply with the ruling as soon as possible. In addition, the Ukrainian side accumulated fines and penalties of $600,000 every day. They have so far not paid the amount awarded.”
