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A court in Poland overturned a 2020 decision to impose a PLN 29.08 billion ($6.3 billion) fine on Gazprom. This was reported by the Antimonopoly Office for the Protection of Competition and Consumers of Poland.

The court also canceled fines for five European partners of Gazprom in the total amount of 234 million zlotys ($51 million).

Initially, fines were imposed for the fact that Gazprom and partners started the construction of the gas pipeline, creating a joint venture without the permission of the Polish regulator. These fines were the maximum provided for by Polish law (10% of the annual turnover of each of the companies).

The Office for the Protection of Competition and Consumers of Poland promised to appeal against the decision to cancel the fine.

When appealing against the decision, Gazprom called the fines disproportionate to the violation and accused the Polish authorities of wanting to “oppose the implementation of the Nord Stream 2 project by any means.”

After Russia recognized the independence of the self-proclaimed DPR and LPR in February 2022, the Nord Stream 2 certification process was frozen.

Source: meduza.io

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J. A. Allen

Author, blogger, freelance writer. Hater of spiders. Drinker of wine. Mother of hellions.

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