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Energy   In 2015, Gazprom was fined

Ukrainian agency seeks enforced recovery of $3bn fine from Gazprom

GazpromThe Antimonopoly Committee of Ukraine (AMCU) has filed a lawsuit with the Kiev Commercial Court seeking enforced recovery of the imposed $3 billion fine from the Russian natural gas giant Gazprom, RIA Novosti reported.

AMCU also asks the court to collect interest from the Russian company and order Gazprom to comply with the Committee’s ruling to stop abuse of monopolistic market position in Ukraine.

READ MORE Kiev court charges Gazprom $3.3 billion in penalty fees

In 2015, Gazprom was fined by the Antimonopoly Committee for abuse of its dominant position on the gas transit market. At that time, the company was ordered to pay the fine until April 12, 2016.

According to a company’s representative, this fine was unexpected since the firm was not engaged in business activity within the Ukrainian territory. Gazprom states that natural gas is being sold to Naftogaz on the Russian-Ukrainian border.

In April, the Russian company appealed the fine in the Kiev Commercial Court but the complaint was returned to the plaintiff without hearing. In May, the Kiev Commercial Court of Appeal upheld this decision, and in June the Ukrainian Supreme Economic Court has upheld the lower courts’ rulings.

In late September, Ukraine’s Supreme Court struck an appeal filed by Gazprom challenging the imposed fine. The Supreme Court is a final judicial authority in Ukraine; the next possible step is reference to international courts.




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