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Gazprom may lose stake in Nord stream

Газпром может лишиться доли в Северном потокеShares of Nord stream can sell at the court to repay the debt to Naftogaz.

The court lifted the seizure of British assets to Gazprom in exchange for a commitment not to alienate the shares of Nord stream to the end of the hearings in the English court.

We are talking about the decision of the Stockholm arbitration case on the transit of February 28, 2018. The hearing for this lawsuit is tentatively scheduled for February 2019.

“Gazprom was forced today to formally commit the court not to dispose of these shares and keep them in England before the proceedings in the English court for compulsory collection of its assets in England”, – said the commercial Director of Naftogaz of Ukraine Yuriy Vitrenko.

He explained that the court’s decision on the freezing of assets was replaced with the obligation before the court on the part of Gazprom.

“Gazprom is now to decide whether to repay in front of us (Naftogaz – ed.) debt (interest and reimbursement), or with fear to wait for the decision of the English court on the sale of shares in Nord Stream to repay debt,” – said Vitrenko.

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