Gazprom Says Swiss Court Canceled Arrest Of Company-Owned Nord Stream Shares

Rukhshan Mir (@rukhshanmir) Published January 18, 2019 | 12:00 AM

Gazprom Says Swiss Court Canceled Arrest of Company-Owned Nord Stream Shares

MOSCOW (UrduPoint News / Sputnik - 18th January, 2019) A Swiss court ruled on Wednesday to cancel its previous ruling to arrest Russian energy giant Gazprom's shares in Nord Stream and Nord Stream 2 operators, Gazprom said in a statement.

"On January 16, a court of the canton of Zug (Switzerland) decided to completely cancel its decision of May 29, 2018, on imposing interim measures in Switzerland against shares of Gazprom in Nord Stream AG and Nord Stream 2 AG and Gazprom's rights of claim against these companies," Gazprom said on Thursday.

The arrest on the shares was imposed as part of Ukrainian gas company Naftogaz's litigation against Gazprom.

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