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 Ukraine's Poroshenko instructs Naftohaz CEO not to stop with assets in just three countries while recovering Gazprom debt

Ukraine started recovering $2.6 billion debt from Gazprom through encumbrance of its assets in Switzerland, the United Kingdom and the Netherlands to enforce the judgment of the Arbitration Institute of the Stockholm Chamber of Commerce.

As reported by Censor.NET citing Ukrinform, President of Ukraine Petro Poroshenko said at a meeting with CEO of the Naftohaz Ukrainy Andrii Koboliev.

"The process of the enforced recovery of $2.6 billion from Gazprom has been translated into action. The encumbrance of shares and other assets of Gazprom in European countries, particularly in Switzerland, the UK and the Netherlands has started today," Poroshenko noted.

The president also gave instruction not to stop with these three countries and make every effort to ensure the arrival of funds, adjudged by the Stockholm Arbitration Court, in the state budget of Ukraine.

"These should be assets, perhaps, including the shares of Nord Stream and Nord Stream 2 and the assets that have high liquidity and will quickly ensure the enforcement of judgments," the head of state stressed.

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 reversed 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/n3068842