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Business    

Naftogaz-Gazprom litigation likely to continue for six years: official
Journal Staff Report

KYIV, Oct 2 - The liquidation of Naftogaz Ukrayiny in the next six years will impede recovery of funds from Russia's Gazprom, Naftogaz Chief Commercial Officer Yuriy Vitrenko has said.

"New arbitration against Gazprom with our claims exceeding $12 billion, taking into account our experience, will end no earlier than in two or three years. We already know that Gazprom avoids implementing the decision of international arbitration and in such conditions forcible recovery will take at least another year. That is, already four years. And to take into account contesting in the Court of Appeal and the Supreme Court of Sweden, it's not four years, but six years," he wrote on Facebook.




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