Support The Moscow Times!

RosUkrEnergo Court Win

RosUkrEnergo, the gas trader half-owned by Gazprom, won an arbitration decision in Stockholm to collect about $532 million from Hungary’s Emfesz.

RosUkrEnergo was awarded $421 million for nonpayment of gas, $106 million in credit interest and 3.4 million euros ($5 million) in legal costs in the March 17 decision, Group DF, which controls Ukrainian businessman Dmitry Firtash’s stake in RosUkrEnergo, said Monday in a statement.

Emfesz’s counterclaims were dismissed, Group DF said. The Hungarian gas trader was seeking $820 million from RosUkrEnergo for breaking a contract, Vedomosti said Monday. RosUkrEnergo is also half-owned by Centragas Holding, a unit of Group DF, which has been in an ownership dispute over Emfesz. 

(Bloomberg)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.