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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 |
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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