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Ukraine: Top court dismisses Gazprom’s $3.4bn fine appeal

By  |  September 21, 2016

After Ukraine’s Anti-Monopoly Committee fined Gazprom $3.4 billion on January 22 of this year, Gazprom has tried on several occasions to have the fine overturned, but on Wednesday, Ukraine’s Supreme Court dismissed another appeal saying, “the ruling is final.”

The Committee fined Gazprom for abusing its monopoly position on the market of natural gas transit through the Ukrainian gas transportation system in 2009-2015.

In April the company appealed to the Kiev Commercial Court, but the claim was returned unexamined due to its improper formalization, namely, the gas giant had failed to provide proofs of the powers vested in the person who had signed the claim.

In May, the Kiev Commercial Court of Appeal denied Gazprom’s complaint about the refusal by a lower judicial authority to examine the company’s lawsuit against the imposition of the penalty.

Full Content: TASS

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