Swiss Court Upholds Arbitral Ruling: Gazprom to Pay $1.4 Billion to Naftogaz

The Swiss Supreme Court has rejected Gazprom's appeal to overturn a 2025 arbitration ruling that mandates the payment of $1.4 billion to Ukraine's Naftogaz. This ruling includes debt for gas transportation services and associated costs. Naftogaz's CEO vows continued enforcement of the decision.

The Swiss Supreme Court has rejected an appeal from Russia's Gazprom, upholding a 2025 arbitration ruling that orders the energy giant to pay $1.4 billion to Ukraine's state energy firm, Naftogaz. This decision pertains to a debt incurred for gas transportation services, along with interest and arbitration costs.

In a statement, Naftogaz emphasized the importance of the Swiss court's role in affirming the validity of the arbitral award. The court's decision represents a definitive rejection of Gazprom's arguments, further cementing Naftogaz's legal position in the long-standing energy dispute.

Naftogaz CEO Serhiy Koretskyi has expressed commitment to enforcing the ruling, signaling ongoing efforts to secure the stipulated payments from Gazprom. The development marks a significant moment in the ongoing energy disputes between Ukraine and Russia.