You're reading: Naftogaz says it wins arbitrage against Gazprom

Naftogaz Ukrainy has announced it has won arbitrage proceedings against Russia’s Gazprom on all contested issues in the gas supply contract, the company told Interfax on Dec. 22 after receiving the final ruling of the Arbitration Institute of the Stockholm Chamber of Commerce.

Naftogaz said that the arbitrage court fully rejected all of Gazprom’s claims with regard to the ‘take or pay’ condition for $56 billion in 2012-2017, which was the biggest dispute in terms of monetary claims between the two sides.