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Ukrainian Commercial Court scheduled to hear competition agency's claim from Gazprom for October 31

The Kiev business court will hear a claim by the Antimonopoly Committee of Ukraine demanding enforced recovery of $3 bln from Gazprom.


The Kiev business court will hear on October 31 a claim by the Antimonopoly Committee of Ukraine demanding enforced recovery of $3 bln from Gazprom, ukraininan media reported on October 10, 2016.

 

In 2015, Gazprom was fined by the Antimonopoly Committee for abuse of its dominant position on the gas transit market. At that time, the company was ordered to pay the fine until April 12, 2016. According to a company’s representative, this fine was unexpected since the firm was not engaged in business activity within the Ukrainian territory. Gazprom states that natural gas is being sold to Naftogaz on the Russian-Ukrainian border.

In April 2016, Gazprom appealed the fine in the Kiev Commercial Court but the complaint was returned to the plaintiff without hearing. In May, the Kiev Commercial Court of Appeal upheld this decision, and in June the Ukrainian Supreme Economic Court has upheld the lower courts’ rulings.

In late September, Ukraine’s Supreme Court struck an appeal filed by Gazprom challenging the imposed fine. The Supreme Court is a final judicial authority in Ukraine; the next possible step is reference to international courts.

 

To read this news in Russian.

Source : Neftegaz.RU