Lithuania lost court with Gazprom to compensate €1.4 billion

Lithuania lost the dispute with Gazprom about compensation of approximately €1.4 billion, which Lithuania considers to be an overpayment for Russian gas supplies in the period 2004-2012. It is reported by Interfax-Ukraine.

In December 2019, the Swedish Supreme Court rejected the request of Lithuania to reconsider the decision of the Swedish Court of Appeal, according to which Lithuania would not receive an overpayment of €1.4 billion for the Russian gas sold to it.

The consideration of the dispute in the Stockholm arbitration and the Swedish courts in total cost Lithuania almost €10.5 million.

In June 2016, the Stockholm arbitration announced that it did not see the fault of the Russian company, but admitted that by supplying gas to Lithuania and managing the shares of Lietuvos dujos, Gazprom provoked a conflict of interest.

Lithuania later appealed the decision to the Court of Appeal of Sweden.

After the refusal, Lithuania filed a complaint in July 2019.

Earlier it was reported that Naftogaz had estimated losses from the seizure by Russia of the company's assets in the Crimea at $8 billion.

Tags: Gazprom, gas, contracts, tariffs, Stockholm arbitration, court, legislation, EU, Top management, energy market, gas transit, gas exports, agreement, gas supplies, volumes

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