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Russia's Gazprom plans to terminate gas contracts with Ukraine

6.3.2018 Print

Russian gas monopoly Gazprom has announced that the company launched procedures in the Stockholm international arbitration court to terminate its gas supply contracts with Ukrainian gas company Naftogaz. Gazprom made the decision after the arbitration court ordered it to pay over USD 2.5 billion (CZK 51.5 billion) to Naftogaz for failing to deliver an agreed-upon volume of so-called "transit gas."

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