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Naftogaz Ukrainy seized Gazprom assets in the Netherlands

Staff Writer |
A Dutch court has granted petitions filed by Naftogaz Ukrainy last week to freeze Gazprom's stakes in its Dutch subsidiaries and any debts owed by these subsidiaries to the Russian gas giant.

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The petitions were filed to secure Naftogaz's right to payment of $2.6 billion by Gazprom pursuant to the Stockholm arbitration award issued in February 2018, the company said.

"A Dutch court approved the petitions; however, six out of seven of Gazprom's Dutch subsidiaries have refused to cooperate with the bailiffs. This does not affect the validity of the attachments," Naftogaz said.

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