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Ukrainian court to consider case for recovering Gazprom debt of $3.3 bln on October 31

October 10, 16:14 UTC+3 KIEV
Earlier, Ukraine’s Anti-Monopoly Committee has filed a lawsuit to recover about $3.3 billion from Russian energy giant Gazprom
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KIEV, October 10. /TASS/. Kiev Commercial Court will review the claim of the Ukrainian Anti-Monopoly Committee against Gazprom for recovering $3.3 bln, the court’s press service told TASS on Monday.

"The hearing is scheduled for October 31," the court said.

Earlier, Ukraine’s Anti-Monopoly Committee has filed a lawsuit with the Kiev Commercial Court to recover 86 billion hryvnia (about $3.3 billion) from Russian energy giant Gazprom.

"Today, on October 5, 2016, the Ukrainian Anti-Monopoly Committee has filed a lawsuit with the Kiev Commercial Court on the enforced recovery of a fine, a late payment penalty and an obligation from Gazprom to fulfil the committee’s decision on terminating the violation," the committee’s press office said.

According to the press office, the Ukrainian Anti-Monopoly Committee fined Gazprom 86 bnl hryvnia ($3.3 bln) for abusing its monopoly position on the market of natural gas transit via the Ukrainian gas transportation system, giving the gas giant a deadline until May 4, 2016 to fulfil this decision.

In January, the Ukrainian Anti-Monopoly Committee issued a fine of about 86 bln hryvnia to Gazprom for abusing its monopoly position on the national gas transit market. The decision was made pursuant to the Ukrainian government’s instruction, and also amid the European Commission’s accusations against Gazprom due to its dominating position on the market of Central and Eastern Europe, which violated the EU anti-trust legislation.

Gazprom challenged this decision on April 12 by sending a lawsuit to the Kiev Commercial Court. However, the court rejected it.

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