m3n4.net March 22, 2019

Ukraine welcomes Stockholm court ruling on gas transit dispute with Russian Federation

04 March 2018, 03:52 | Tara Lloyd

The logo of Russian gas giant Gazprom is seen on a board at the SPIEF 2017 in St. Petersburg Thomson Reuters

The logo of Russian gas giant Gazprom is seen on a board at the St. Petersburg International Economic Forum 2017 in St. Petersburg Russia

"Technically, Gazprom has been obliged to pay this sum since yesterday evening".

Image: Gazprom headquarters in Moscow, Russia. Photo by Boevaya mashina/Wikimedia Commons.

Ukraine notified the European Union (EU) for an early warning for a crisis in the energy sector because of Gazprom's refusal to comply with the Stockholm arbitration court decision.

The legal battle between Gazprom and Naftogaz in the Arbitration Institute of the Stockholm Chamber of Commerce had rumbled on since June 2014.

New major study reveals antidepressants do work
All 21 antidepressants were more effective than placebos and only one drug (clomipramine) was less acceptable than placebo. However, she said: "This does not necessarily mean that antidepressants should always be the first line of treatment".

Gazprom said Thursday it disagrees with the arbitration final ruling on the contract for gas transit via Ukraine and "will defend its rights through all means available under applicable legislation".

The Stockholm Arbitral Tribunal has ordered Russia's Gazprom to pay $4.63bn in damages to Ukraine's state natural gas company Naftogaz in a gas transit lawsuit.

Gazprom's Miller is reportedly very unhappy with the terms of the deal that dictate both volumes and prices to the Russian gas company. The first delivery should have been this month. Gazprom has said it will contest the ruling.

Gazprom announced on Saturday that the company launched procedures in the Stockholm worldwide arbitration court to terminate its gas supply contracts with Ukrainian gas company Naftogaz.

Ferrari introduce the SF71H
Ferrari on Thursday unveiled its 2018 Formula One racing vehicle , the SF71H. "To stand here now is very special for all of us", said four-time champion Vettel .

The decision concludes a three-year dispute between the two companies.

According to Reuters, Naftogaz will go to court again to claim compensation for Gazprom's latest failure to deliver gas.

But it said the court's decision had created a "material imbalance, which infringes the basic principals of Swedish law, which regulates the (gas) contract". Since November 2015, Kiev has not bought Russian gas, replacing it with reverse gas from Europe.

In his arguments in the Stockholm arbitration regarding the need to revise the tariffs, Naftogaz used the new rules of pricing of gas transportation services in the country adopted by the national regulator (the National Commission for Energy, Housing and Utilities Service Regulation).

Nokia relaunches 'Matrix phone' 8810 at World Mobile Congress
The two rear cameras are arranged vertically in the middle and the device also sports a dual-tone LED flash with Zeiss optics. This device features a 6-inch fullHD+ (2160 x 1080) IPS LCD display, 4GB of RAM and 64GB of expandable storage .

Other News

Trending Now

Turkish women sentenced to death in Iraq for joining IS
Thousands of foreigners fought in Syria and Iraq on the side of an "Islamic state" at least from 2014, reminds Reuters . Sixteen Turkish women were found guilty of terrorism and sentenced to death by an Iraqi court on Sunday, CNN reports.

'Racist' white powder letter sent to Prince Harry, Meghan Markle
Police are investigating a suspicious package which was addressed Meghan Markle and her fiancé Prince Harry at Kensington Palace. He said Prince Harry was "worried about Ms Markle's safety and is deeply disappointed that he has not been able to protect her".

List and Lovemark lead in Florida with Tiger in touch
He acknowledged being exhausted coming off the West Coast Swing, but posted his lowest career round at PGA National on Thursday. The difficulty was the wind, which blew hard not just in the morning but also the afternoon. "It's a strong test out there".

On AAP vs Delhi Chief Secretary tussle, Rajnath says 'deeply pained'
Members of the subordinate services in Delhi went on a strike which they said would continue until the guilty are arrested. We also stand, very strongly by the chief secretary, Delhi and all our colleagues in the NCT cadre.

Indian economy grew at 7.2% in third quarter: Government
Also, the financial fraud of Rs 11500 crore that hit the state run-Punjab National Bank has put a shadow on all state-run banks. However, the manufacturing sector in 2017-18 will grow by 5.1 per cent, against 7.9 per cent in the previous fiscal.

Black Panther makes history
The steady stream of smashing the box office , both domestic and foreign, continues to run its course for Black Panther . He's still Bruce Willis, but a decade of doing straight to video movies has severely diminished his star power.

FCC to approve SpaceX broadband application
The plans received a green light as soon as the FCC approved SpaceX's application for launching the test satellites into space. This will drastically cut the latency measured from GEO satellites from 600ms to between 25 to 35ms in low-earth orbit (LEO).

Baekhyun responds to Russian figure skater Evgenia Medvedeva's love for EXO
Although the mistakes did cost Li one point, they didn't bar her from reaching the final, which she has longed for years. The 2018 Olympics proved that figure skating is alive and thriving around the world. just not in the U.S.

Allison Janney defends Kate Middleton wearing green to BAFTAs
Many female guests are eschewing colour to show support for the "Time's Up" movement against sexual harassment and bullying. William and Kate will have therefore made George jealous when they met Paddington Bear himself at Paddington station.

Struggling Venezuela to start selling 'petro' cryptocurrency
Though the Petro's value is tied to crude oil, it doesn't actually translate to ownership of any concrete assets. Treasury Department has warned it may violate sanctions levied past year ", reports Reuters .