9/27, 5:38 PM (Source: TeleTrader)
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Chart for: Gazprom (T+ Shares and DRs)

Gazprom rejects to pay for gas transit fees to Ukraine

Russian energy giant Gazprom stressed on Tuesday it "categorically rejects" paying for services not provided by the Ukraine's Naftogaz, following the company's filing for arbitration against the Russian energy company for failing to pay for the gas transit fees through Ukrainian territory.

"Ukraine's Naftogaz is well aware that, under the agreement dated December 30, 2019, failure to fulfill obligations on its part means no payment," the Russian energy company wrote on its Telegram Channel.

Gazprom warned the company will consider imposing sanctions against Naftogaz if the company moves forward with the arbitration, adding that an "appeal to the court is seen as an unfriendly step and a continuation of the Ukrainian company's dishonest behavior."

Baha Breaking News (BBN) / AB