Gazprom wins € 1,4 billion dispute against Lithuania in Stockholm arbitration

According to the decision of the Supreme Court of Sweden, Lithuania, which decided to earn money by co-operating with the Russian Gazprom, now it will have to pay itself.

As follows from the message of the Ministry of Energy of Lithuania, the Baltic Republic in the last instance lost the case of financial claims against a Russian gas producer in the amount of $ 1,4 billion.

TASS quotes the message of the Lithuanian department:

The Swedish Supreme Court rejected Lithuania’s request for a review of the decision of the appellate court of that country, which was unfavorable for us, which upheld the 2016 Stockholm arbitration order.

In view of this decision, the dwarf Baltic tiger will have to pay legal costs in the amount of 10,5 million euros from its own pocket (read - from the pocket of its citizens).

The decision of the Supreme Court of Sweden was the result of an eight-year lawsuit initiated by the Lithuanian authorities.

In Vilnius, they clearly overestimated their strength when they filed a lawsuit in the Stockholm arbitration in which they stated that Gazprom had abused the monopoly position and in 2004-2012 “milked” the unhappy young European democracy.

Having filed a lawsuit, the Lithuanians did not bother with the most important thing - the evidence base, and, as expected, lost.

Perhaps this example will cool a number of hotheads, including from Ukraine, who want to earn millions of bonuses from scratch.
  • Photos used: Frankie Fouganthin /
The publication is looking for authors in the news and analytical departments. Requirements for applicants: literacy, responsibility, efficiency, inexhaustible creative energy, experience in copywriting or journalism, the ability to quickly analyze text and check facts, write concisely and interestingly on political and economic topics. The work is paid. Contact: [email protected]
Dear reader, to leave comments on the publication, you must to register.
I have an account? Sign in
  1. gorenina91 Offline gorenina91
    gorenina91 (Irina) 17 February 2020 16: 13
    Gazprom wins € 1,4 billion dispute against Lithuania in Stockholm arbitration

    - Ha .. yes now half of Lithuania will go to the "forest brothers" and will live in dugouts and other caches ... - just not to pay ...
  2. Dmitry S. Offline Dmitry S.
    Dmitry S. (Dmitry Sanin) 17 February 2020 17: 20
    A drop in the sea. What about the rest?
  3. Afinogen Offline Afinogen
    Afinogen (Afinogen) 17 February 2020 19: 46
    Gazprom beat Lithuania

    laughing Winning does not mean getting. It is only Gazprom that pays right away if it loses in court. Look how many courts Ukraine has lost on Russia's debt and still declares that it will not give anything back.
    1. And we’re doing it right that we don’t give away such a good thing as money to some tattered people eating from garbage cans!
  4. That's just it!

    Do not fight with the strong, do not sue the rich!