Naftogaz Wins USD 1.3 Billion ICC Arbitration against Gazprom
On 16 June 2025, an ICC arbitral tribunal seated in Switzerland and consisting of neutral and eminently qualified arbitrators from Switzerland, Sweden and Israel, issued an award ordering PJSC “Gazprom” to pay Naftogaz of Ukraine over USD 1.3 billion in unpaid gas transit organisation fees and interest.