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 Germany urges Gazprom, Naftohaz to settle their dispute, - Reuters

German government is concerned about decision of Russia’s Gazprom to cancel its gas supply contract with Ukraine’s Naftohaz and calls on the companies to settle their dispute.

As reported by Censor.NET citing Reuters, a spokesman for the German government Steffen Seibert Monday told a regular news conference that the two companies should comply with a Stockholm arbitration court’s award of more than $2.5 billion to Naftohaz, which prompted Gazprom to cut supplies to Ukraine.

"It is in the interest of Germany and the European Union, and of Russia and Ukraine, that both these countries show themselves to be reliable partners in European gas supply and guarantee continuous supplies," Seibert said.

He repeated the German government’s view that a planned new gas pipeline through the Baltic Sea was a"purely commercial project", but added that, even though the new pipeline will bypass Ukraine,"it is in the interest of Germany and Europe that Ukraine continues to play a role as a transit country for Russian gas."

Read more: "We shall seize Gazprom's assets if it fails to abide by Stockholm arbitration rulings," – NSDC Secretary Turchynov

On Feb. 28, 2018, Stockholm Arbitration Tribunal ruled that Naftohaz be paid $4.63 billion. Following two arbitration proceedings, Gazprom owes $2.56 billion.

Later on, Gazprom transferred Naftohaz Ukrainy the advanced payment it received for gas supplies in March. "Evidently, there will be no gas supplies to Naftohaz Ukrainy starting from March 1," Gazprom Deputy CEO Alexander Medvedev said.

CEO of the Russian gas giant Alexey Miller said March 2 that Gazprom had to immediately start the procedure for the termination of gas contracts with Naftohaz Ukrainy at the Stockholm Arbitration Institution. 

The European Commission called on Ukraine and Russia to find immediate solutions in line with the decisions of the Stockholm Arbitration Tribunal.

Источник: https://censor.net.ua/en/n3053904