Gazprom appealed against the Polish fine of €6.5 billion

Gazprom has filed an appeal against the antimonopoly fine imposed on the company by the Polish antimonopoly authority, Interfax reports.

“Today, November 4, Gazprom filed an appeal to the Polish Court for the Protection of Competition and Consumers against the decision of the Polish Antimonopoly Authority (UOKiK). The company fundamentally disagrees with the position of UOKiK and the decision to impose a fine of about €6.5 billion. Upon appeal, the decision is not subject to execution until the entry into force of the relevant court decision,” the company said in a statement.

In October, the Polish antitrust regulator UOKiK completed its investigation, following which it announced that the loan agreements concluded between Nord Stream 2 AG, PJSC Gazprom, and Western financial investors to finance the Nord Stream 2 project constituted a concentration within the meaning of antitrust the legislation of the Republic of Poland, in connection with which, according to Polish officials, a notification was required to UOKiK.

Poland demands a discount on gas from Gazprom.

Tags: Gazprom, Nord Stream 2, court, foreign affairs, pipeline, gas supplies, Poland

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