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Gazprom asset freeze will compromise Ukraine gas transit – Novak

Ukraine's attempt to seize Gazprom assets could endanger its gas transit contract with Russia, Alexander Novak has said.
By Staff reporter 6 June 2018 Europe & Russia / Global Markets 0 31190

The move by Naftogaz Ukrainy to seize some of Gazprom’s European assets will jeopardise the renewal of the gas transit contract between Moscow and Kiev, Interfax has reported Russian Energy Minister Alexander Novak as saying.

"Gazprom is working on the legal side of the issue, so of course in our view the measures that our Ukrainian colleagues are taking now to collect debt […] will not lead to a positive resolution […] for the future of the situation involving gas supplies to Ukraine,...