The transfer relates to 11.5 billion cubic meters of gas supplied in November to December 2013 and April to June 2014, priced at $268.5 per thousand cubic meters, for which Naftogaz will pay a total of $3.1 billion.
The Arbitration Institute of the Stockholm Chamber of Commerce will make a decision on debt settlement between the parties for the period since 2010. The Brussels protocol does not prejudice these Arbitration Institute proceedings.
Naftogaz has all necessary funds in place.
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