Naftogaz confirms receipt $2.9 bn from Gazprom

Naftogaz announced that it has received $2.918 bn from Gazprom. 

In a media statement issued late December 27, the Ukrainian company said that the amount included USD 2.56 billion of outstanding portion of the compensation awarded by the Stockholm Arbitral Tribunal in February 2018 and accrued interest.

Naftogaz said that it "welcomes Gazprom’s move to comply with the decision of the international arbitration as well as its interest in gas transmission to the EU through Ukraine.  The parties continue to negotiate conditions of further cooperation after 1 January 2020 when the current contract expires."