The Anti-monopoly Committee of Ukraine fined Gazprom a whopping $6.8 billion, Russia's Kommersant business daily reported on Monday. The sum includes fines for alleged violations of antitrust laws in the sphere of gas transit by $3.4 billion, as well as penalties for the same amount.
Gazprom is more likely to appeal the decision, but considering the company has already lost all claims on the merits, it is unlikely to change the final verdict. Gazprom does not have any significant assets in Ukraine so it is unclear how the company handles this fine.
Gazprom did not comment on the decision, but in previous statements to the press, the company's official line is that the fine is illegal. Gazprom has never won a case against it in a Ukrainian court.
Kommersant reported last January that Gazprom was being cited for violating anti-trust rules in Ukraine. Thanks to the old Soviet system, Gazprom was basically the only game in town and controlled much of the gas transit, which was based on Gazprom suppl and delivery contracts to Naftogaz, their Ukrainian state owned partner.
As Ukraine is slowly trying to reform its energy market, transit conditions are governed by the contract between Naftogaz and Gazprom. These two have been at loggerheads for years. Naftogaz has a claim against Gazprom price gouging in a Stockholm international arbitration court. The decision on that fight is expected in the middle of next year.