Lithuania’s €1.4bn claim against Gazprom rejected by Stockholm arbitration court

Gazprom
Reuters/Scanpix

“We know that the Stockholm arbitration court has not found any violations on the part of the Russian company,” Rokas Masiulis told reporters on Wednesday.

Lithuania was disappointed by the decision, he said, adding that arbitration costs had been split between the two parties, €0.5 million each.

Lithuania turned to the Arbitration Institute of the Stockholm Chamber of Commerce in October 2012, seeking around €1.4 billion in compensation from Gazprom for overcharging Lithuanian gas consumers for gas supplied between 2004 and 2012.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.


*