Ukraine’s Naftogaz says it wins ruling against Gazprom over contract
KIEV, May 31 canada goose uk black friday (Reuters) Ukraine Naftogaz said on Wednesday an arbitration court in Stockholm had ruled in https://www.jacketstock.com its favour in a dispute with Gazprom over take or Canada Goose Parka pay gas contracts, although the Russian Canada Goose online firm said the Canada Goose Coats On Sale ruling was an interim stage in the cheap canada goose uk court process.
The result was welcomed by Ukrainian leaders as a breakthrough in Kiev bid to reduce its energy dependence on Moscow after a 2013 14 uprising ousted Russia backed president Viktor Yanukovich.
The gas dispute is a byproduct of the worsening relations between Kiev and Moscow canada goose coats on sale since Russia annexation of Crimea and the canada goose clearance eruption of Russian canada goose factory sale backed separatist violence in Ukraine Donbass region, which has killed more than 10,000 people.
In June 2014, Gazprom and Naftogaz lodged multi billion dollar canada goose uk shop claims against each other with a Stockholm arbitration Canada Goose sale court, which resolves commercial agreement disputes.
Ahead of the court first ruling, there had been no buy canada goose jacket consensus on the likely outcome.
In a post on Facebook, Naftogaz Chief Executive Andriy Kobolev announced the canada goose black friday sale decision in the company favour by posting a link to hit song buy canada goose jacket cheap Are The Champions, and writing did it.
tribunal rules Naftogaz Ukraine is entitled to a market reflective adjustment of the price formula, Naftogaz spokeswoman Olena Canada Goose Jackets Osmolovska said.
A later ruling will decide how much canada goose outlet Naftogaz could gain financially from winning the case in which it argued that its 10 year contract with Gazprom, canadian goose jacket which expires in 2019, is unfair and illegitimate.
Gazprom said in a statement it did not expect a final Canada Goose Outlet decision from the Stockholm court before the end of June.
Naftogaz, which is seeking a total of $30.3 billion from Gazprom, wants canada goose a lower uk canada goose price for Russian gas and disputed the take or pay clause requiring buyers to pay for gas whether they take physical delivery or not.
In a separate case, also being heard in canada goose clearance sale Stockholm, Kiev has demanded a higher tariff for the transit fee it charges Russia to transit to Europe. The case is ongoing.
Gazprom sought a total of $47.1 billion from Naftogaz over the two disputes.
Since 2014, Ukraine has been weaning itself off reliance on Russian energy cheap Canada Goose supplies and has not bought gas directly from Russia since November 2015, relying instead on Canada Goose Online purchases from European Union member states and uk canada goose outlet its own supply.
President Petro Poroshenko canada goose uk outlet welcomed the ruling as an step on the road to energy security.
for the first time, has lost the ability to use gas as a weapon of political pressure and blackmail, he said in a statement.
Russia temporarily cut off gas to Ukraine in June 2014 over what it said was Kiev unpaid debt for shipments. Ukraine prime minister called it a Russian plot to destroy the country.
Russia had previously halted gas flows to Ukraine in canada goose coats 2006 and 2009, causing painful shortages in freezing weather in some EU nations.
Poroshenko said Ukraine remains a reliable transit route for gas from Russia to Europe.
Further down the road, Ukraine risks losing billions in gas transit canada goose store fees it still collects from Russia if a controversial new pipeline, Nord Stream 2, is completed.
