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Gazprom ran out of opportunities to challenge 86bn hryvnia fine

Ukraine's Supreme Court upheld decisions of lower courts.

Gazprom ran out of opportunities to challenge 86bn hryvnia fine
Photo: Photo: EPA / UPG

The Supreme Court of Ukraine on 13 September declined Russian Gazprom's complaint against the 86nn hryvnia fine by the Antimonopoly Committee of Ukraine (AMCU).

Gazprom demanded that the Supreme Court reversed the decision of the Economic Court of Kyiv. This Economic Court has returned without consideration the claim of Gazprom, in which he demanded to cancel the decision of the AMCU.

On 22 January, the AMCU imposed a 85.966bn hryvnia fine on Gazprom for the abuse of monopoly in the market of natural gas transit through Ukrainian gas transportation system in 2009-2015.

On April 12, Gazprom filed a lawsuit with Kyiv Economic Court to void the decision of the AMCU. On April 13, the court returned the claim without consideration.

On May 18, Kyiv Economic Court of Appeal upheld the ruling of the Economic Court of Kyiv. On July 13 the Supreme Economic Court of Ukraine confirmed the decision.

The first deputy chairman of AMCU, state commissioner Mariya Nizhnik said that Gazprom during the consideration of the case pointed out that the AMCU has no jurisdiction to consider the matter and that the case should be taken to the Arbitration Institute of the Stockholm Chamber of Commerce (Sweden).

The AMCU says it has prepared all the necessary documents and intends to go to court, demanding to recover 86bn hryvnia from Gazprom, after all legal possibilities of the penalty appeals are exhausted.