Ukrainian oil holding Naftogaz of Ukraine is ready to take part in the negotiations in the Ukraine-EU-Russia format on the implementation of decisions of the Stockholm Arbitration, according to which the Russian Gazprom owes the Ukrainian company 2.56 billion dollars, according to the statement of Naftogaz.

“Naftogaz welcomes the proposal of the Ukrainian Foreign Ministry and the European Commission to hold negotiations to implement the decisions of the Stockholm Arbitration in the tripartite Ukraine-Russia-EU format. The company is ready to join such talks in the nearest convenient time for all parties,” reads the statement.

As is known, Gazprom did not supply Ukraine with gas for 2 years and 3 months until the decision of the Stockholm court. The gas supply, under a contract that expires at the end of 2019, was to be resumed after the Stockholm Arbitration decision.

Under this contract, Naftogaz is obliged to buy from Gazprom 4 to 5 billion cubic meters of gas annually. In this regard, Naftogaz made an advance payment.

The Stockholm Arbitration ordered to recover 2.56 billion dollars from Gazprom (RF) in favor of Naftogaz (Ukraine) on the suit about the failure to fulfill the contract on transit.

Naftogaz further noted that the EU took a negative view on the actions of Gazprom after receiving the decision of Arbitration.

“According to Western commentators, Gazprom's position contradicts the spirit and practice of generally accepted commercial relations between suppliers and consumers. According to media reports, the use of gas to pressure counterparties negatively affected the perception of the Russian Nord Stream 2 project in Germany,” the press service of Naftogaz reported.