Poland may seize assets if Russia’s Gazprom fails to abide by court ruling, official says
Photo by Pavel Kapysh / Shutterstock.com
A Polish official has suggested his country will seize assets belonging to Gazprom if the Russian gas giant does not pay back some USD 1.5 billion following a ruling by an international arbitration court, Polskie Radio S.A. (Polish Radio) reports.
Photo by Pavel Kapysh / Shutterstock.com
Polish state-run oil and gas company PGNiG said at the end of last month that Russia’s Gazprom would have to pay it back that sum following a decision by an arbitration court in Stockholm. The ruling came in a case over a pricing dispute that began in November 2014.
“The case of Ukraine’s Naftogaz, which won USD 2.6 bln [in a commercial dispute] with Gazprom, showed that by carrying out a tough recovery procedure it is possible to obtain money” awarded by a court, Polish Deputy Minister for State Assets Janusz Kowalski told daily Gazeta Polska Codziennie in an interview, quoted by public broadcaster Polish Radio.
Kowalski said that “The Ukrainians, after a ruling in their favor, began to seize assets of the Russian group in Europe. This path proved effective. That’s why we will also go down this road.”
Companies Spending Less on Advertising
Gov't Calls on Fuel Companies to Adjust Prices to Regional A...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
