Russia Gas Giant Warns of Sanctions Risk for Ukraine Energy Firm
- Moscow may sanction Naftogaz if it pursues legal claims
- Gazprom CEO Alexei Miller issued warning in televised comments
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Russia may sanction Ukraine’s state-run energy company if it pursues legal claims against the nation and Gazprom PJSC, putting gas shipments to Europe at risk.
NJSC Naftogaz Ukrainy started a dispute last year with the Russian gas giant over Gazprom’s refusal to use services outlined in a transit contract between the two companies. At the end of June, Naftogaz filed a motion to a US court, asking it to confirm an earlier award by a tribunal in the Hague that ordered Russia to pay $5 billion in compensation for the damages and lost property after Moscow annexed Crimea.