Kazakhstan Court Overturns $1.4Bln Naftogaz Arbitration Award Against Gazprom

🌐 The Moscow Times (KZ) —
Kazakhstan Court Overturns $1.4Bln Naftogaz Arbitration Award Against Gazprom

AI Summary

The Kazakhstan Court has overturned a $1.4 billion international arbitration award against Gazprom in favor of Ukraine’s Naftogaz. This decision reverses a prior ruling allowing Naftogaz to collect the award, impacting energy sector disputes between Russia and Ukraine.

The Astana International Financial Centre had earlier ruled that Ukraine’s state oil and gas company, Naftogaz, be allowed to collect a $1.4 billion international arbitration award from Russia’s Gazprom.

World Politics Markets Energy Kazakhstan Court Naftogaz Gazprom arbitration energy dispute Russia Ukraine

Read original source →