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Wednesday, October 26, 2016

Ukrainian court upheld imposed on “Gazprom” three billionth fine

The Supreme economic court of Ukraine has declared lawful the decision of the Antimonopoly Committee of countries that had earlier imposed on Gazprom a fine of three billion dollars (86 billion hryvnia). The Russian company tried to appeal the sanction, however, lost two ships in the subordinate courts.

photo: morguefile.com

“Determination of economic court from April 13, 2016 and the ruling of the Kyiv court of appeal on 18 may in this case remain unchanged, and the cassation appeal of “Gazprom” — without satisfaction” – quoted by “Interfax” a quote from a court verdict.

The Antimonopoly Committee of Ukraine the investigation against “Gazprom” in 2015. At the beginning of this year, the office fined 3 billion dollars for “abuse of a dominant position on the market of services on transit of natural gas through the territory of Ukraine”.

In the Committee’s opinion, “Gazprom” guilty of inaction in ensuring the transit of gas through Ukraine “on reasonable terms”. The Agency also concluded that the monopoly position of the company infringed the interests of “Naftogaz”.

“Gazprom” is obliged to pay a fine in April, but the company’s representatives filed the complaint. The court in Kiev, then Kiev economic court of appeal the motions dismissed.

Note that the pressure on “Gazprom” comes amid plans for a drastic reduction of gas transit volumes through Ukraine. With the commissioning of the Nord stream-2″ the company will supply through Ukraine only 10-15 billion cubic meters of gas that will hit the budget of the country (in 2014, Ukraine got for the transit of 63 billion cubic meters of blue fuel $ 2 billion).

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