Ukraine-Russia gas war: Ukraine Supreme Court rejects Gazprom's appeal against USD 3.4 bln monopoly fine

15:04 Sep. 21, 2016

Ukraine Supreme Court rejects Gazprom's appeal against USD 3.4 bln monopoly fine

n this March 4, 2014 file photo, a monument to Ukrainian poet and writer Taras Shevchenko is silhouetted against an apartment building with a sign advertising Russia's natural gas giant Gazprom, in Moscow, Russia (AP)

In January 2016, Ukraine's Anti-Monopoly Committee fined Russia's gas company due to abuse of monopoly position  

The Supreme Court of Ukraine has refused to consider a claim filed by Russian gas monopoly Gazprom seeking to challenge a decision by the Anti-Monopoly Committee of Ukraine (ACU) to fine the company UAH 85 billion (about USD 3.4 billion) for abusing monopoly on Ukraine's gas transit market.

A relevant court decision was published in the national state register of court rulings.

"Having considered the grounds set forth in the claim [submitted by Gazprom] and analysed the materials attached to it, the panel of judges finds the claim groundless," the decision reads.

The Supreme Court thus decline to initiate proceedings for the claim, it said. The court decision is final and not subject to further review.

Read also Gazprom loses USD 3.4 bln in legal battle with Ukraine

In January 2016, the ACU fined Russia's gas company Gazprom UAH 85 billion due to abuse of monopoly position. The decision was prompted by a Ukrainian government order and was in line with formal charges brought by the European Commission against Gazprom for abusing its dominant market position in Central and Eastern European gas markets in breach of the European Union's antitrust rules.

In April 2016, Gazprom decided to appeal to the Commercial Court of Kyiv to challenge the decision of Ukraine's Anti-Monopoly Committee.

Reporting by UNIAN

comments powered by Disqus


Business15:39 Dec. 28, 2016
Sweden is best for business, Ukraine ranked 74th
Business11:43 Dec. 28, 2016
Ukraine's ban on military exports not a problem, Russia says
Business16:27 Dec. 26, 2016
No companies willing to build railway on Putin's bridge to Crimea
Business18:20 Dec. 23, 2016
New Supervisory Board is appointed for PrivatBank
Business11:21 Dec. 23, 2016
Teva fined USD 519 mln for bribing officials overseas, including in Ukraine
Subscribe to receive regular email updates about Ukraine and Eastern Europe