Finance
Ukraine's naftogaz says Swiss court rejected gazprom's motion over $1.4 billion payment
Published by Global Banking & Finance Review®
Posted on March 13, 2026
1 min readLast updated: March 13, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 13, 2026
1 min readLast updated: March 13, 2026
Ukraine’s Naftogaz says the Swiss Supreme Court on March 13, 2026 rejected Gazprom’s attempt to overturn the June 20, 2025 arbitration ruling ordering a $1.37 billion payment. The decision clears the way for Naftogaz to pursue enforcement in multiple jurisdictions.
March 13 (Reuters) - Ukraine's state energy firm Naftogaz on Friday said the Swiss Supreme Court has rejected a motion from Russia's Gazprom to overturn a June 2025 ruling on the payment of $1.4 billion to Naftogaz.
In June 2025, a Swiss arbitration tribunal ordered Gazprom to pay debt for gas transportation services, along with interest and arbitration costs, Naftogaz said.
"Thus, Switzerland's highest court upheld the validity of the arbitral award and definitively rejected the arguments of the Russian side," Naftogaz quoted its CEO Serhiy Koretskyi as saying.
Naftogaz will continue to work on the enforcement of the decision, Koretskyi added.
(Reporting by Anna Pruchnicka; Editing by Christopher Cushing and Toby Chopra)
The Swiss Supreme Court rejected Gazprom's motion to overturn a payment ruling of $1.4 billion to Naftogaz.
Gazprom was ordered to pay $1.4 billion to Ukraine's state energy firm Naftogaz.
The dispute involves Ukraine's Naftogaz and Russia's Gazprom.
The rejection of Gazprom's motion was reported on March 13, following a June 2025 ruling.
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