Russia’s state-controlled gas giant Gazprom could face the seizure of assets in Kazakhstan after a court there authorized Ukraine’s Naftogaz to enforce a $1.4 billion arbitration award, marking the first publicly known foreign ruling allowing the company to pursue the judgment in another jurisdiction.
The decision adds pressure on Gazprom as it faces a growing wave of legal claims from former European partners over disrupted gas deliveries and alleged breaches of contract since Russia launched its full-scale invasion of Ukraine.
According to Reuters calculations, claims against Gazprom from former counterparties have reached at least 19.5 billion euros.
This is the first public foreign court decision that allows the enforcement of this arbitration award in a separate jurisdiction, Naftogaz said in a statement Wednesday.
Naftogaz CEO Sergii Koretskyi said that the Ukrainian energy company would continue efforts to recover the amount from Gazprom in other jurisdictions.
