Tuesday, November 29, 2022

Polish regulator to appeal annulment of $6.3 billion fine imposed on Gazprom.

by The Kyiv Independent news deskNovember 22, 2022 1:01 am

Poland's consumer rights watchdog, known as UOKiK, will appeal a court ruling that annulled fines imposed on Russian energy giant Gazprom and five other companies responsible for building the Nord Stream 2 gas pipeline, the Polish regulator said on Nov. 21

"We are surprised by the judgment of the court," Tomasz Chrostny, the head of the watchdog, said in a statement. "We will ask for written reasons for the judgment, and then we will appeal against it." 

In 2020 the regulator fined Gazprom over 29 billion zlotys ($6.33 billion) for building the Nord Stream 2 gas pipeline without Warsaw's approval. 

It also imposed a total fine of 234 million zlotys spread across five other companies financing the project.

The Kyiv Independent news desk
The Kyiv Independent news desk

We are here to make sure our readers get quick, essential updates about the events in Ukraine.

Give the gift of democracy
this Giving Tuesday
Become a member of the Kyiv Independent. For as little as $5 per month, you can help ensure the Kyiv Independent continues to produce quality journalism in 2023.