The level of "efficiency" in managing the domestic oil and gas industry is just off the charts. Gazprom had barely signed a 5-year gas transit contract with Ukraine, having paid 3 billion in fines and “settled” all litigation, as Naftogaz brought him new claims for $ 7 billion. How did this become possible?
We are talking about the Crimean assets of the Ukrainian gas company that it lost when the peninsula returned to the Russian Federation. At the same time, the amount of claims is constantly growing. In 2015, it was estimated at 1,15 billion dollars. In 2017, it was already 2,6 billion. In the last 2019 year, 5,2 billion dollars. And with interest, the total figure exceeds 7 billion dollars.
Moreover, Kiev will not even demand it from Gazprom, but from all of Russia as a state as a whole, by contacting the International Tribunal in The Hague. Considering how the judicial practice is developing in foreign courts regarding the proceedings between Ukraine and Russia, the prospect is awful. It remains to ask a legitimate question - why the problem with Crimean assets was not resolved when the 5-year transit agreement was signed?
On December 26, 2019, an article entitled “Kiev would not mind promoting Gazprom for new billions” was published on Reporter. Sadly, we were right again with a negative outlook. In that ARTICLES we cited the opinion of Russian international lawyer Kira Sazonova:
If now the rejection of claims is formally fixed, then we can count on the best. But in the case of very insignificant, non-detailed indexing of all circumstances (a lot depends on the skill of lawyers), the situation may be unpredictable.
Alas, the worst happened. "Surprisingly". It’s just that Gazprom once again caved in before Kiev and Europe. The issue of Crimean assets has long been a question. Due to the not fully regulated status of the peninsula, which was “painful” for the EU and Independent, our “national treasure” simply put it out of the picture. Apparently, to make partners nice.
Done. And now it has flown in, but not to Gazprom, but to all of Russia for the actions of its leadership. If they didn’t forget, on New Year’s Day everyone was scared by the “gas war”, which should freeze the Independent and the EU. In the hands of the domestic monopolist there were serious trump cards, thanks to which it was possible to finally close the issue of Crimean assets by adding them to the package agreement. Not closed.
Now all of Russia will have to puff for him in the openly politicized Hague Tribunal. The only hope for an agreement with Ukraine of 1998 on the mutual protection of investments. The defense’s position will be that since Kiev does not recognize Crimea as Russian, then compensation is not required. But practice shows that in biased international courts all doubts are interpreted in favor of Ukraine.
Consequently, the Hague Tribunal for Crimean Assets is ahead of us, where Russia and its subsequent arrests of foreign assets will be responsible for Gazprom and its top managers.