Gazprom Completes $2.9 Bln Payment to Ukraine’s Naftogaz in Move to Settle Long-Running Gas Dispute

Victor Korniyenko

In February 2018, the Stockholm Arbitration Court ordered the Russian gas giant to pay Naftogaz some $2.56 billion over its alleged failure to ship agreed-upon amounts of gas through the Ukrainian pipeline network en route to Europe. The dispute became a part of the broader conflict between Russia and Ukraine in the wake of the 2014 coup in Kiev.

Gazprom has completed a $2.9 billion payment to Naftogaz on the basis of the ruling of the Stockholm Arbitration Court, a spokesman from the Russian company confirmed Friday.

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