Gazprom seeks to annul natural gas contract with UkraineStaff Writer | March 4, 2018
Russia's state natural gas company Gazprom says it's beginning efforts to end its contract to supply gas to Ukraine, raising concerns about downstream gas supply to European countries.
Energy Gazprom has begun procedures in Stockholm
Gazprom deputy chairman Alexander Medvedev said that the company has begun procedures in the Stockholm international arbitration court to end its contracts with Ukraine's Naftogaz.
The move comes after the Stockholm body ruled that Gazprom should pay Ukraine more than $2 billion for failure to deliver the agreed-upon volumes of so-called "transit gas."
Naftogaz said in a statement Saturday that transit of gas to Europe "remains intact." ■