Reuters: Ukraine seeks more than $16 bln from Gazprom in pricing dispute

Ukraine is seeking more than $16 billion from Russia's Gazprom in its appeal to an arbitration court in Stockholm over a long-running gas pricing dispute between Kiev and Moscow, Prime Minister Arseny Yatseniuk said on Friday.

Ukraine's state gas business Naftogaz and Russia's Gazprom are bound by a 10-year gas agreement signed in 2009. Kiev is challenging the price of Russian gas, and billions of dollars in debts which Russia says have accrued, and appealing to international arbitrators for a definitive ruling.

"The transit contract is not fair for Ukraine and more than $10 billion should be paid to Naftogaz from Gazprom to compensate for losses. In this way, the overall sum we are seeking from Gazprom in terms of the gas supply contract and the transit contract is already over $16 million," Yatseniuk said in a post on Facebook.

WNU Editor: Gazprom is a monopoly .... and no one in Europe is happy with the arrangement that they have with Russia's number one gas company. My prediction .... even if the courts rule against Gazprom, the Russians are not going to comply.

More News On Ukraine Suing Russian Gas Giant Gazprom For $16 Billion

Ukraine seeks $16bn from Gazprom in arbitration court -- RT
Ukraine’s Naftogaz to Meet Russia’s Gazprom in Court Over Transit Contract -- Sputnik
Ukraine Seeks $16 Billion From Gazprom In Dispute -- Radio Free Europe
Naftogaz Files $16 Bln Claim Against Gazprom -- Forbes

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