VNG AG stops complaints against Gazprom - consequences for Ukraine enormously!
VNG AG stops complaints against Gazprom - consequences for Ukraine enormously!
In a crucial step, VNG AG, an important German company, has decided to stop the legal disputes with Gazprom on the basis of the gas deliveries that have been interrupted since 2022. According to a report by Technologijos , this decision is the result of high legal costs, which cannot be covered by the increasingly shrunk international assets of Gazprom. The decision has far -reaching consequences, especially for Ukraine, which is located in a long legal dispute with the Russian energy group.The Ukrainian Naftogaz Group recently won an arbitration award of USD 1.37 billion against Gazprom. This amount not only includes the main culprit for gastransit services in accordance with the 2019 contract, but also default interest and the complete reimbursement of the legal costs incurred beyond. Rigzone reports that Naftogaz already takes action by Gazprom Planning asset recovery against foreign assets.
Lay disputes about assets
The recent successes of Naftogaz run over several years and also include a separate arbitration of more than 5 billion USD against the Russian government due to the "illegal expropriation" of its assets in the Crimea since the annexation in 2014. The arbitration saying that was taken in 2023 before the constant arbitration court in the Haag is of great importance for the Ukrainian
A Finnish court approved the freezing of Russian assets to enforce this arbitration in October 2024. This affects real estate and several million dollars of assets. In April 2025, a French court even allowed the seizure of Russian assets in France, as well as with regard to the judgment of 2023. Naftogaz registered mortgages to several Russian state assets in France worth over 139 million
The legal framework
The legal foundations for these extensive disputes are based, among other things, on the judgment of the Court of Justice of the European Union of July 15, 2021, which defines the principle of energy solidarity. This judgment deals with the requirements of third -party network access and was dealt with in a procedure with Germany and the European Commission. It was made clear that the principle of energy solidarity is binding for future decisions, which influences the handling of such disputes. In this background, you can see how complex the legal disputes in the energy sector actually are, which is further reinforced by the decision of VNG AG and the successes of Naftogaz.
In summary, it can be said that the developments around VNG and Naftogaz throw a clear light on the continuing difficulties in the gas business. Since the legal disputes for both Ukraine and energy group Gazprom are still of great importance, it remains to be seen how this situation will develop in the near future.| Details | |
|---|---|
| Ort | Kemnitz, Deutschland |
| Quellen | |
Kommentare (0)