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Ukraine finally gets a win against Russia.
State-owned gas company, Naftogaz, was awarded $2.5 billion in a lengthy, ugly legal battle with Russian gas behemoth Gazprom. The Stockholm Arbitral Tribunal ruled Wednesday on a years old dispute regarding natural gas transit fees in favor of the Ukrainians. Gazprom said they will appeal the ruling.
Russia’s revenge began immediately on Thursday when Naftogaz learned of Gazprom’s decision not to supply gas to Ukraine this month. Naftogaz said it had already paid for deliveries and would turn to Poland for emergency supplies…
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