“Gazprom” has demanded from “Naftogaz of Ukraine” $5 billion

Gazprom” has increased the amount charged to the company “Naftogaz of Ukraine” requirements to $37 billion, to the report of the group prepared in accordance with international financial reporting standards (IFRS).

“Specified amount requirements of PJSC “Gazprom” to “Naftogaz of Ukraine” includes the requirement for payment of the debt for delivered in may—June 2014 gas, payment on the obligation “take or pay” for 2012-2016, as well as penalties for late payment of gas,” — the document says.

In early 2017 it was reported that “Gazprom” put “Naftogaz” for the second—fourth quarters of 2016, the $5.3 billion to pay for gas that was contracted last year but not selected.

“The year has ended, that bill,” — said the press Secretary of the Gazprom management Committee Chairman Alexey Miller Sergey Kupriyanov. He said that in the first quarter of 2016 for “Naftogaz” operating conditions “winter package” of gas sales and the agreement on the fact that in this period contract the condition “take or pay” gas supply to Ukraine has not been applied.

In the previous version of the claim, which examines the Stockholm international arbitration, the total amount of claims “Gazprom” to the Ukrainian company was estimated at $31,759 billion.

Originally “Gazprom” demanded to collect with “Naftogaz of Ukraine” for the shortfall in 2012-2013, the Ukrainian company contracted volumes of gas, payable by the rule of “take or pay”, “only” $18.5 billion Later this sum was added another $8,197 billion, and in June 2015 the amount of claims increased to $29.2 billion.

In the spring of 2016, “Gazprom” has increased its demands to the Ukrainian company at $2,549 billion.

Dispute between the two companies lasts from mid-2014. In turn “Naftogaz of Ukraine” requires the recovery of “Gazprom” to $16 billion, As published on Thursday the report of “Gazprom”, the decision of the arbitrators is scheduled on 30 June 2017.

In December 2016, the head of “Naftogaz” Andrey KOBOLEV admitted that in case of loss in court, the Ukrainian company will have to pay to “Gazprom”, “too heavy.”

“If you lose on the first claim, if “Gazprom” will be able to prove that the position of the take-or-pay “Naftogaz” has to reimburse the amount, the payment of the $38 billion will be unaffordable for the company,” — said KOBOLEV.

At the same time, KOBOLEV said that his company expects to win.