Gazprom says paid Ukraine $2.9bn to settle gas dispute

Gazprom says paid Ukraine $2.9bn to settle gas dispute
Gazprom says paid Ukraine $2.9bn to settle gas dispute

We show you our most important and recent visitors news details Gazprom says paid Ukraine $2.9bn to settle gas dispute in the following article

Hind Al Soulia - Riyadh - MOSCOW — Russian energy giant Gazprom has paid $2.9 billion to Ukraine's Naftogaz to settle a long-running dispute over transit fees for gas transported to Europe, the company said on Friday.

"Gazprom carried out the payment of $2.9 billion in accordance with the decision of the Stockholm arbitration court," a Gazprom spokeswoman said.

Naftogaz executive director Yuriy Vitrenko confirmed receipt of the payment in a post on .

Last year's ruling by the Stockholm court had been a major stumbling block to agreeing a new gas transit deal between Moscow and Kiev.

The Russian gas giant had previously rejected the claim but President Vladimir Putin said this month Russia wanted to find a solution.

In a statement, Naftogaz said the two sides were continuing talks about "the terms of further cooperation" after the current deal expires.

Last week Moscow and Kiev signed a preliminary deal on the transit of Russian gas to Europe via Ukraine, after months of difficult talks but ahead of the looming New Year deadline.

Putin said earlier this month that Moscow wants to keep some gas flowing through Ukraine, despite having built several pipelines to Europe since the current deal was agreed a decade ago.

He added that Moscow had no desire to use its natural resources to strong-arm Ukraine into a deal against its will — something Russia has often been accused of.

"We are interested in Ukraine getting the resources, and our clients in Europe being calm, knowing that our relations with our neighbors are normal," he said.

Ukraine earns around $3 billion per year from sending Russian gas to Europe but ties between the two countries have been shredded since Moscow annexed Crimea in 2014 and supported a separatist insurgency in the east.

Transit problems for Russian gas began after the fall of the Soviet Union when an independent Ukraine won control of the pipeline infrastructure.

Several supply crises followed, with Russia using gas as a weapon against Ukraine and cutting supplies repeatedly in the early 1990s.

The current contract between Russia and Ukraine was signed following the last gas crisis which ended up disrupting European supplies in 2010. — AFP

These were the details of the news Gazprom says paid Ukraine $2.9bn to settle gas dispute for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Shayp raises 1.9 million euros to deploy its “smart detector” of water leaks abroad
NEXT The rise in the price of the dollar against the Egyptian...