Poland has fined “Gazprom” on $7.6 billion due to the “Nord stream-2”

Polish antitrust regulator UOKiK has fined Gazprom 29 billion zlotys ($7.6 billion) in the “Nord stream-2” case, UOKiK chief Executive Tomasz Chrostny said at a briefing in Warsaw.

“Yesterday we finished the investigation concerning the construction of the “Nord stream-2” gas pipeline. We are talking about construction without the consent of the Polish Antimonopoly authority. Gazprom and five of its partner companies are fined in exchange for 10% of annual turnover, and this is the maximum sanction under Polish law, “he said.

Thus, the European partners of the project (Engie Energy, Uniper, OMV, Shell, and Wintershall) must pay more than 234 million zlotys or $ 61 million. They are also required to terminate contracts for financing the construction of the gas pipeline within 30 days.

According to Chrostny, the controller is ready for the fact that “Gazprom” will appeal against the decision on the penalty.

Last spring, UOKiK accused Gazprom and five of its “Nord stream-2” partners of violating the Republic’s Antimonopoly legislation by financing the construction of the pipeline. In November, the regulator fined France’s Engie 172 million zlotys (about $ 45 million) for failing to provide information related to the case.

Earlier this year, UOKiK also asked Gazprom to provide new information as part of the proceedings, and the Russian company, in response, asked to justify such a request.

As a result, the regulator decided to fine Gazprom 50 million euros for refusing to cooperate. This is the maximum sanction provided for by the legislation of the Republic in such a case. Gazprom, in turn, noted that the information requested by UOKiK had no connection with the subject of the antitrust investigation.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

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