Naftogaz Group is already sending a payment request to Gazprom to recover $1.37 billion in accordance with the final decision of the international arbitration tribunal in Zurich received by the company on 20 June 2025.
“In case Gazprom refuses to fulfil the decision voluntarily, Naftogaz will launch a strategy of forced recovery of the Russian company’s assets,” the company said in a press release on Tuesday.
As explained in the group, the Amount of $1.37 includes the main debt for services for the organisation of gas transit in accordance with the 2019 agreement, as well as penalties and compensation for all legal expenses incurred by Naftogaz.
In parallel, the group is continuing the process of enforcing another arbitration award – to pay Russia $5bn in compensation for the illegal expropriation of assets in Crimea in 2014.
“The enforcement process continues at various stages in ten jurisdictions. In Finland and France there are already the first results – Russian property has been seized. The work continues in other countries,” Naftogaz said.
For reasons of legal strategy, the company has not disclosed additional details yet.
In most jurisdictions, Naftogaz’s interests are represented by leading local law firms on a pro bono basis.
As reported with reference to the chairman of the board of Naftogaz Serhiy Koretsky, the International Arbitration Tribunal, which considered in Switzerland the case of violation by Gazprom of its contractual obligations on the principle of take or pay, obliged the Russian corporation to pay $1.37 billion in favour of Naftogaz Ukrainy.
“In September 2022, Naftogaz initiated arbitration, which Gazprom tried to block through Russian courts. This did not work. Now we have the final decision: the tribunal of arbitrators from Sweden, Switzerland and Israel completely sided with Naftogaz,” Koretsky wrote in his Facebook on Monday evening.
He recalled that Gazprom had violated its contractual obligations under the take or pay principle by stopping payments since May 2022.