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October 21, 2019

Ukraine warned the EU for possible crisis of natural gas supplies

Olena ZerkalUkraine notified the European Union (EU) for an early warning for a crisis in the energy sector because of Gazprom’s refusal to comply with the Stockholm arbitration court decision. This was announced by the Deputy Minister of Foreign Affairs of Ukraine for the European Integration, Olena Zerkal.

“Gazprom’s current act of failing to fulfill its contractual obligations and refusing to comply with Stockholm arbitration is a threat of an extraordinary threat to the supply of gas to Ukraine and the EU”, said Olena Zerkal. She states that a note has been sent to the EU pursuant to Article 340 and Annex 26 of the Association Agreement.

Olena Zerkal stresses that Kiev wants to convene trilateral negotiations in format Ukraine – EU – Russia to ensure the stability of gas supplies to Ukraine and the EU.

Gazprom refused to deliver natural gas to Ukraine in March.

On Wednesday, Stockholm arbitration ordered Gazprom to pay 2.56 billion USD for the transit contract with Naftogaz Ukraine, but the Russian giant disagreed with this court ruling and announced its intention to “protect its rights in line with the legislation it adopted”.

In this regard, Ukrainian President Petro Poroshenko has indicated that Kiev will demand the seizure of Gazprom’s assets if the Russian side fails to comply with Stockholm arbitration.

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