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Ukraine to seize assets of Russian energy provider Gazprom

Ukraine to seize assets of Russian energy provider Gazprom

Ukraine is to seize assets belonging to Russian state-controlled energy giant Gazprom in a deepening legal dispute that has stoked fears of supply disruption among EU states.

Gazprom scrapped plans to resume gas flow to Ukraine last week after a Stockholm arbitration court ruled that it should pay $2.56 billion (€2.07bn) compensation to Kiev in a long-running row over supplies and transit fees.

Ukraine’s foreign ministry also ordered its embassies to find Gazprom assets around the world with a view to potential legal action to seize them.

Energy rows in 2006 and 2009 between Russia and Ukraine affected supplies to the EU, and Brussels and Berlin have urged both countries to avoid such disruption this time.

We expect Gazprom to supply gas to Ukraine’s transit pipeline per Stockholm arbitration decision,” US state department spokeswoman Heather Nauer tweeted on Wednesday.

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