Reuters: Gazprom says Stockholm ruling on gas sales to Ukraine will hit profit
Russian gas giant Gazprom expects its profit to take a hit from a ruling by Stockholm’s arbitration court on gas deliveries to Ukraine, Chief Financial Officer Andrei Kruglov said on Thursday.
It did not say which financial period would be affected, Reuters said.
Gazprom decided not to restart supplies of natural gas to Ukraine after the international arbitration court earlier this year ordered the Russian company to pay $2.56 billion to Ukraine's Naftogaz after weighing mutual claims and counter-claims related to gas supplies and transit.
Kruglov also said Gazprom expected to pay dividends on its 2017 profit totaling 190 billion rubles ($3.29 billion), keeping payments to shareholders at the same level as a year ago.
Kruglov also said that Gazprom was considering issuing a eurobond by the end of this year.