Russian Energy Minister: Moscow, Kiev to reset reciprocal claims to zero, asset freeze to be lifted

Russian Energy Minister: Moscow, Kiev to reset reciprocal claims to zero, asset freeze to be lifted
  • Clock-gray 12:54
  • calendar-gray 27 December 2019

Russia and Ukraine have agreed to reset all reciprocal claims to zero starting 1 January and to remove asset freezes under court rulings in legal claims, Russian Energy Minister Alexander Novak has said in an interview with Russia-24 broadcaster, APA reports citing Sputnik.

"We have agreed [to start] from scratch on 1 January, reciprocal claims will be reset to zero and asset freezes under court rulings in legal claims will be lifted", Novak said.

According to Novak, conditions set out by Ukraine's Naftogaz to Russia's Gazprom for gas transit are mutually beneficial and acceptable for both parties.

"Gazprom and Naftogaz will sign a contract for the provision of services as an organisation that will act as an organiser of transit. These are commercial agreements. They are absolutely mutually beneficial for both sides. ... They are economically mutually beneficial and acceptable to both sides", Novak said.

 

Russia and Ukraine signed a gas cooperation protocol on 20 December to secure Russian gas transit after expiration of the current contract. Russia's Gazprom said last week it would settle court disputes with Naftogaz, and anti-monopoly disputes with the Ukrainian government by 29 December.

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