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OGZPY PJSC Gazprom (PK)

1.10
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
PJSC Gazprom (PK) USOTC:OGZPY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 1.10 0.00 01:00:00

Gazprom: Naftogaz Taking Action in Switzerland to Enforce Arbitration Ruling

31/05/2018 12:32pm

Dow Jones News


PJSC Gazprom (PK) (USOTC:OGZPY)
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   By Adria Calatayud 
 

Gazprom PJSC (GAZP.RS) said Thursday that Ukraine's Naftogaz is taking action in Switzerland to enforce a Swedish arbitration tribunal's ruling that ordered the Russian company to pay a compensation of $2.56 billion.

Gazprom said it hasn't yet received an official notification of the procedure, but it will defend its rights in accordance with the applicable legislation.

On Feb. 28, the Arbitration Institute of the Stockholm Chamber of Commerce awarded compensation of $2.56 billion to Naftogaz after finding that Gazprom had failed to pump the full amount of gas as stated in a supply contract.

 

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

 

(END) Dow Jones Newswires

May 31, 2018 07:17 ET (11:17 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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