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News

Ukraine could file Stockholm arbitration suit against Gazprom today - minister

30-05-2014 17:26

Ukrainian Energy Minister Yuriy Prodan confirmed Ukraine's position that it intended to file a suit with Stockholm arbitration on revising the price of gas in a contract with Russia's Gazprom.

Prodan made the statement ahead of a three-party meeting with Gunther Oettinger, the EU energy commissioner, and Alexander Novak, the Russian energy minister on Friday. Prodan declined to say whether Ukraine was prepared to pay the 2 billion U.S. dollars agreed on at the last three-party talks in part settlement of the debt for Russian gas. The Russian side claims Ukraine’s debt amounts to 5.2 billion dollars, while the Ukrainian government says Russia’s Gazprom has unfoundedly raised the price without revision of the contract.