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GAZPROM EXPORT IS SUING THE DUTCH BBL COMPANY

On April 5, 2024, Gazprom Export from St. Petersburg filed an arbitration claim against the Dutch company BBL Company V.O.F. (case no.A56-33194/2024). The amount of the claim and other details of the case are not provided. BBL was established in 2004. It is the operator ...

GAZPROM INITIATED LITIGATION WITH POLISH COMPANIES

The Arbitration Court in St. Petersburg accepted Gazprom's claim against four foreign enterprises. The application was received on March 4, 2024. Two days later, Judge Svetlana Saltykova issued a ruling on the case (No. A56-20124/2024), scheduling the trial for April 10, 2024. The amount of the claims ...

CZECH CEZ IS PREPARING A LAWSUIT TO ARBITRATION AGAINST GAZPROM

... electricity supplies from Russia. This was stated in the program "Otázky Václava Moravce" of Czech television by CEO Daniel Benes. Daniel Benes explained that there is no point in discussing deliveries next year with the Russian company Gazprom, and the only possible step would be to file a lawsuit in international arbitration. In the same TV program, Dana Drabover, head of the National Agency for Nuclear Safety Supervision, said that the volatility of energy prices began last fall, ...

Nord Stream II preparing for bankruptcy

... implementing an open information policy. What is more, the organization had to send on vacation, and, in fact, lay off all the staff (106 employees). The project was actually ready to be launched on December 29, 2021. This was reported by the head of the Gazprom Сompany, which owns the pipeline. Due to the project, in which the largest concerns of the energy and oil market (Shell, OMV, Engie, Uniper, Wintershall DEA) took financial part, it was planned to increase the volume of natural gas transported ...

Russia's plans to sell gas for rubles did not suit buyers

... institutions of the Western countries to the Russian Federation. Under these conditions, "unfriendly" countries will have to buy rubles from Russia in order to pay for energy resources with them. Russian experts believe that in this case, "Gazprom" will be put in a situation of shortage of foreign exchange earnings. At the same time, for a number of projects carried out by the concern abroad, dollars and euros are necessary.

Total sale: Western investors get rid of Russian shares

... the Central Bank of the Russian Federation. However, Sberbank was far from the only major Russian company whose foreign investors were shocked. Falling records were shown by the shares of Rosneft, Lukoil and a number of other companies. In particular, Gazprom lost more than 70% of its value in one day, and its securities were traded at $0.78. Rostelecom and AFK Sistema turned out to be in a more advantageous position. Receipts of the first company fell only by 2%, while Sistema's assets almost tripled....

Corporate contractor of the ’South Stream’ project is driven to bankruptcy for the second time

... A40-95005/18-37-587). Whether the current bankruptcy claim is related to this case is unknown. As noted by the @ruarbitr Telegram channel, the case of ‘O.M.A. International’ draws attention to some peculiarities. In particular, the organization's ties with the Gazprom company. Now the owners of the company are two offshore organizations. However, earlier the business was owned by the bankrupt company Promstroy. It was run by Maxim Fenin, a close partner of Ivan Sibirev (who was for some time the head of Gazstroyprom,...

RESIDENTS OF ST. PETERSBURG TRYING TO PROTECT CULTURAL HERITAGE IN COURT

... need to create a historical and archaeological museum preserve was indicated there. Whether the district court will be able to oblige civil servants to develop and submit proposals for its creation is a big question. The territory itself belongs to Gazprom, and its central part lost its status of protected area in 2009. Gazprom has previously announced the idea of ​​building the Okhta Center business quarter with a high-rise building in the center. Later, the idea was abandoned under ...

MECHEL COMPANY IS ON THE VERGE OF BANKRUPTCY

... unable to repay its debts on loans taken 10 years ago to finance the construction of industrial facilities (first of all, a rail and structural steel mill). The head of Mechel is tycoon Igor Zyuzin, whose family owns 51.54% of the holding's shares. Gazprombank owns another 5.45% of the company's shares. The remaining assets are in free float. Mechel PJSC ended last year with a revenue of RUB 265 billion and a profit of over RUB 800 million. However, considering that by the end of the year, the company's ...

18 EUROPEAN COMPANIES BACK OUT OF NORD STREAM 2

... States makes it difficult to finish it. The construction process was planned to be completed in 2019, but this did not happen due to sanctions. Despite all the difficulties, Russia intends to complete the construction, but has not named any dates yet. Gazprom company explains it by the influence of the various factors, including weather. It is worth noting that the total cost of Nord Stream 2 construction is estimated at $ 11 billion. According to many experts, the American side is opposing the construction ...

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