Dutch court freezes Gazprom assets

Multinational

KIEV, June 5, 2018 – A Dutch court has frozen Gazprom’s assets in the country as part of an effort by Ukraine’s Naftogaz to collect a USD 2.6-billion arbitration award from Russia’s gas giant, Naftogaz announced on Tuesday.

Six out of seven Gazprom subsidiaries in the Netherlands have failed to co-operate with the court order, a company statement added.

“Gazprom’s appeal against the Stockholm arbitration awards does not postpone the Russian company’s obligation to settle immediately and has no effect on the enforcement process, which was confirmed by the swift decisions of courts in various European jurisdictions last week,” Naftogaz said.

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