The Supreme economic court of Ukraine dismissed the appeal of “Gazprom” to recover $6.5 billion

Photo: Ekaterina Kuzmina / RBC

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Earlier fined the company the Antimonopoly Committee of Ukraine has started the procedure for recovery of money, however “Gazprom” can still appeal the decision

The Supreme economic court of Ukraine on may 16 dismissed the appeal of the Russian company “Gazprom”, seeking cancellation of the decision on compulsory collecting from it the penalty for abuse of a monopoly position and fines totaling nearly 172 billion hryvnia (about $6.5 billion at current exchange rates), the correspondent of “RIA Novosti”.

In early 2016 the Antimonopoly Committee of Ukraine (AMCU) has fined “Gazprom” on 86 billion hryvnia, finding the company guilty of it for almost six years abused its monopoly position in gas transit through the territory of Ukraine and infringe the interests of the company “Naftogaz of Ukraine”.

To pay the penalty to “Gazprom” was then given two months, but to pay the group refused and appealed the decision of the Antimonopoly Committee in court. But to overturn the penalty “Gazprom” has failed and in October 2016, the AMC has submitted the claim about compulsory collecting with “Gazprom” penalty.

Kyiv economic court not only upheld this claim, ruled that the Russian company and a penalty in the amount of the fine. In February 2017 the Economic court of Kiev rejected the appeal of “Gazprom”, and then AMC announced the beginning of procedure of the Executive production.

Gazprom has repeatedly stated that the company’s lawyers are studying various options for further legal protection of rights and legitimate interests in Ukraine. Adopted on Tuesday a decision of the Supreme economic court can be appealed to the Supreme court of Ukraine.

In December 2016, the head of “Gazprom” Alexey Miller warned that the decisions of the Ukrainian courts threaten Russian gas transit to Europe, as forced to recover from the company $6.5 billion could be realized in the form of “taking” gas which is pumped via Ukraine to European consumers.

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