Advertising

Khoroshkovsky: Ukraine may lose case on Russian gas contracts if it appeals to international arbitration court

Author: Interfax-Ukraine All articles by this author

More about Interfax-Ukraine


Mar. 24, 2012 11:56
215 159
Valeriy Khoroshkovsky, Ukraine's First Deputy Prime Minister and Finance Minister
Photo by ark.gov.ua
Ukrainian First Deputy Prime Minister Valeriy Khoroshkovsky has said that Ukraine, if it appeals to an international arbitration court regarding the unfairness of gas contracts with Russia, may lose the case.
"If a primary legal analysis tells you about it, then it's probably stupid to appeal [to court] and lose [the case]. We know perfectly well what will happen. We analyzed all situations," he said on the Shuster Live program late on Friday, when asked when Ukraine will turn to an international arbitration court over the gas contracts.

He added that a"high and unfair price stimulates energy saving, the adoption of a tough position, and the competitiveness of our products."

Khoroshkovsky said that Ukraine still relies on a fair gas price. And the only way that can currently protect Ukraine from a disadvantageous contract is to reduce the amount of gas imports and switch to its own coal, while reducing gas consumption, he said.


"Although this is a partial violation of the 'take or pay' principle, but in this case it's a lesser violation," Khoroshkovsky said.
Tags:


215 159

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.

comments powered by Disqus

Read more in {{sectionName}} section

All in {{sectionName}} section

SUBSCRIBE TO KYIV POST NEWSLETTERS