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Kyiv says Gazprom's money in Ukraine recovered into state budget

Over 100m hryvnyas has already been transferred to the Ukrainian budget, according to the justice minister.

Kyiv says Gazprom's money in Ukraine recovered into state budget
Photo: EPA/UPG

All the assets of the Russian gas monopoly Gazprom on the territory of Ukraine have been confiscated into the state budget, Ukrainian Justice Minister Pavlo Petrenko has said, as quoted by the Ukrinform news agency.

"I can say that the Justice Ministry will recover another 6bn dollars from Gazprom, under a Ukrainian court ruling, as a fine in favour of the budget on the initiative of the Antimonopoly Committee. We have already collected a part of the assets - everything Gazprom had in Ukraine was distrained, impounded and recovered into the state budget. This is over 100m hryvnyas which has already been transferred to the Ukrainian budget," Petrenko said.

He noted that the Justice Ministry would work with their colleagues, both in Ukraine and abroad, on other rulings to make sure that Russia pays every kopeck of its debt.

"We are talking about 8.5bn dollars," he added.

As for the Stockholm arbitration ruling which on 28 February obliged Gazprom to pay Ukraine's Naftohaz Ukrayiny 4.63bn dollars, Kyiv is taking steps to start recovering this money.

In March, Gazprom lost the appeal against the 171bn-hryvnya fine to the Antimonopoly Committee of Ukraine over a violation of economic competition.

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