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Ukraine seizes Gazprom subsidiary’s shares as part of antimonopoly case

12:53 31/05/2017

MOSCOW, May 31 (RAPSI) – Russia’s oil giant Gazprom has been notified of the Ukrainian Justice Ministry’s decision to seize shares of its subsidiary Gaztranzit as part of an antimonopoly case, the company said in its report on Wednesday.

Ukraine’s authorities have also initiated enforcement proceedings to collect “the amount of Ukrainian hryvnia 189,125 million (at the exchange rate as of March 31, 2017 – 394,687 million rubles), including an execution fee of Ukrainian hryvnia 17,193 million (at the exchange rate as of March 31, 2017 – 35,881 million rubles),” the report reads.

In total, Ukraine demands about $6.4 billion from the Russian company.

The Antimonopoly Committee of Ukraine (AMCU) fined Gazprom nearly 86 billion hryvnia (about $3.2 billion at the current exchange rate) in January 2016 and ordered to stop further alleged infringement. Now the watchdog is also seeking penalties that amount to another 86 billion hryvnia.

Gazprom claimed that it is not engaged in business activity in Ukraine challenging the fine. However, the oil company’s appeals have been dismissed by Ukraine’s courts.

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Ukraine seizes Gazprom subsidiary’s shares as part of antimonopoly case

12:53 31/05/2017 Russia’s oil giant Gazprom has been notified of the Ukrainian Justice Ministry’s decision to seize shares of its subsidiary Gaztranzit as part of an antimonopoly case.
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