Handan Kazancı
22 December 2017•Update: 22 December 2017
By Ali Cura
KIEV, Ukraine
Russian gas giant Gazprom has lost a commercial dispute against Ukraine’s state-owned energy company Naftogaz, the Ukrainian company said on Friday.
In a statement, the company said the Stockholm-based International Court of Arbitration rejected Gazprom’s take-or-pay claim for around $56 billion for gas sold between 2009 and 2017.
Since Russia’s illegal annexation of the Crimea region in 2014, Ukraine has been wracked by conflict in its eastern areas with Russian-backed separatists, leading to more than 10,000 deaths, according to the UN.
