Thursday, 19 October, 2017, 14:57 Economy
Court allows using Gazprom’s assets in Ukraine as collateral

Kyiv’s Economic Court allowed using Russia’s Gazprom assets as collateral to pay for Gazprom’s debt, Ukraine Justice Minister Pavlo Petrenko says in Facebook Oct. 19.

Prior to the court’s ruling, the debt could have been collected by using Gazprom’s bank.

In Jan. 2016, Ukraine’s Anti-Monopoly Committee imposed a UAH86 bn ($3.3 bn) fine on Gazprom for abusing its monopoly status in pumping oil and gas via Ukraine.

As the period of payments on the Jan. 2016 ruling had expired, Gazprom’s debt and penalties now amount to UAH172 bn ($6.6 bn), the minister explains.

Gazprom has rejected the accusations of abusing its monopoly status in the pumping of oil/gas via Ukraine.

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2017-11-18 08:33:09