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Naftogaz freezes Gazprom’s assets in England, Wales after Stockholm ruling
Journal Staff Report

KYIV, June 20 - Naftogaz Ukrayiny has served Gazprom with an order to freeze assets in England and Wales that was issued by the Commercial Court in London on June 18, 2018 to enforce the Stockholm arbitration award, whereby Gazprom owes Naftogaz $2.6 billion, Naftogaz said in a press release on Wednesday.

The court has scheduled a hearing on the order for July 6, 2018. In the meantime, Gazprom is obligated to maintain assets in England and Wales equal to the value of the transit award, Naftogaz said.




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