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Russia not to alter gas contract with Ukraine until court ruling

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Russia not to alter gas contract with Ukraine until court ruling

The Russian party considers it inappropriate to remove the “take or pay” principle from a gas contract with Ukraine until the ruling of the Stockholm arbitration court, the Head of the Energy Ministry of Russia, Alexander Novak, told reporters, Interfax reports on Saturday.


“The current position of the Russian party and Gazprom in particular is not to make additional changes in the contract, among other things, because the legal argument is still underway. Any changes to the contract is, say, a possibility to use the other party in judicial proceedings”, - said Alexander Novak.

“Apart from that, as you know, there are proceedings regarding the “take or pay”. The Ukrainian party filed a suit on this issue to Stockholm arbitration as far back as 2014,” he added.

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