Ukraine’s Naftogaz Wins Final Appeal Against Russia’s Gazprom Over $1.4B Gas Transit Debt

Business

Switzerland’s Federal Supreme Court has upheld a previous ruling ordering Russian state gas monopoly Gazprom to repay a $1.4 billion debt to Ukrainian state energy company Naftogaz, Naftogaz CEO Serhiy Koretsky announced on Friday.  The $1.4 billion dollar figure includes the original debt owed by Gazprom for gas transit services provided under a 2019 agreement between the two companies, as well as penalties for Gazprom’s failure to pay and the full reimbursement of legal costs incurred by

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