The arbitration dispute between CEZ and Gazprom has resulted in a decision imposing on the Russian company the obligation to pay the damage and costs of the proceedings.
The Russian gas company Gazprom is obliged to pay more than a billion crowns to the Czech energy company CEZ for limiting the ordered supplies of gas during 2022. The company spokesman Ladislav Kříž informed about it. If Gazprom does not pay, CEZ plans to enforce the enforcement, he informs
CEZ began arbitration against Gazprom in Geneva two years ago due to the reduction of the agreed gas supplies. The Czech semi -state company argued that it ordered supplies before the Russian invasion of Ukraine and had to replace the subsequent outage with more expensive gas. The situation was complicated when Russia started the invasion in February 2022 and the European Union adopted a series of anti -Russian sanctions.
The arbitration court ordered Gazprom to pay not only the damage, but also the interest on delay and the cost of the proceedings.
Daniel Beneš, CEO of CEZ Beneš, said in the past that Russia has begun an energy war against Europe about a year before the invasion of Ukraine. The Russian gas giant also leads arbitration disputes with other European companies, including Czech innoga.
