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    Kiev Court Delays Hearing on Ukraine AMC $3Bln Gazprom Suit to Nov.21

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    The hearing on the Ukrainian Anti-Monopoly Committee's (AMC) lawsuit to Russian Gazprom was rescheduled, the presiding judge said Monday.

    KIEV (Sputnik) — The economic court of Kiev has rescheduled the hearing on the Ukrainian Anti-Monopoly Committee's (AMC) lawsuit to recover $3 billion from Russian energy company Gazprom until November 21, the presiding judge said Monday.

    "The court deems it necessary to postpone the hearing of this case until November 21, 2016, 12:50 p.m. [10:50 GMT]," Oksana Marchenko said.

    Earlier in the day, an AMC representative requested the court to recover $3.4 billion from Gazprom as a 140-day late fee.

    In December 2015, AMC chief Yuriy Terentyev said that Ukraine’s national oil and gas company Naftogaz had suffered an estimated $6 billion in alleged damages as a result of Gazprom's abuse of its monopoly over gas transit in the country. Gazprom called the move a pressure tactic, arguing that it does not conduct any business on Ukrainian territory because it transfers gas to Naftogaz at the Ukrainian-Russian border.

    AMC of Ukraine said in August it drafted a lawsuit to recover 85 billion hryvnia ($3 billion) from Gazprom for allegedly abusing its dominance in the Ukrainian gas transit market. Both the Kiev Economic Court and the Supreme Economic Court have dismissed Gazprom's appeals to review lower court rulings.

    Related:

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    Tags:
    lawsuit, Ukraine's Anti-Monopoly Committee, Gazprom, Naftogaz, Yuriy Terentyev, Ukraine
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