Naftogaz moves to enforce $1.37 billion arbitration award against Gazprom

The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz.

Should Gazprom fail to comply voluntarily, Naftogaz plans to initiate asset recovery measures targeting the Russian company's holdings abroad.

Separately, Naftogaz continues to pursue enforcement of a separate $5 billion arbitration award against the Russian Federation for the illegal expropriation of its assets in Crimea in 2014.

That process is already underway in ten jurisdictions. Initial enforcement efforts have yielded results in Finland and France, where Russian assets have been seized. Proceedings are ongoing in other countries, though further details remain confidential for legal strategy reasons.

In most jurisdictions, Naftogaz is represented by leading local law firms working on a pro bono basis.