Naftogaz has been notified that the Svea Court of Appeal decided this week to suspend the enforcement of the Arbitration Award in the transit case against Gazprom.
The decision is temporary and was made without Naftogaz being heard.
Naftogaz will request that the decision be reversed based on decisive counter-evidence, and expects that its request will be granted shortly.
The decision does not automatically reverse the enforcement actions which have already resulted in asset attachments.
It does not affect the validity of the Arbitration Award on the transit case and does not annul the Tribunal’s decision to set-off the outcomes of the two cases whereby US$2.1 bn was recognized to the benefit of Naftogaz.
