Accounting Chamber to probe bonuses to Naftogaz management following Stockholm win over Gazprom

The Naftogaz Supervisory Board earlier decided to pay $46.3 million in bonuses to its staff. Photo from UNIAN Chairman of the Accounting Chamber of Ukraine Valeriy Patskan says the Chamber plans to audit bonus payments worth US$46.3 million to employees of the National Joint-Stock Company Naftogaz of Ukraine following a victory in a gas transit dispute at the Stockholm Arbitration with Russia's energy monopoly Gazprom. "I have shared our plans for audits on roads and sky-high bonuses at Naftogaz," Patskan wrote on Facebook, announcing his interview with UA: Ukrainian Radio. As UNIAN reported earlier, the Naftogaz Supervisory Board decided to pay $46.3 million in bonuses to its managers following the victory in a gas dispute at the Arbitration Institute of the Stockholm Chamber of Commerce with Russia's gas monopoly Gazprom over a transit contract. Taking into account the arbitration decision under the gas transit contract, Gazprom must pay a total of $2.6 billion to Naftogaz. Read also Naftogaz submits to Stockholm Arbitration another major claim to Gazprom The bonuses were divided into two disbursements. In May 2018, the first part amounting to $20.7 million was paid out. The sum accounts for to 1% of the amount of the disputed win already stipulated in the Naftogaz financial statements for 2017. The remaining bonus part will be paid within three years solely on condition that the Gazprom debt is successfully recovered. In early June, Ukrainian Prime Minister Volodymyr Groysman appealed to the Supervisory Board of the National Joint-Stock Company Naftogaz of Ukraine to review the recent decision to pay $46.3 million in bonuses to its management due to the company's victory over Russia's Gazprom in the Stockholm Arbitration.

Source: UNIAN: https://economics.unian.info/10181801-accounting-chamber-to-probe-bonuses-to-naftogaz-management-following-stockholm-win-over-gazprom.html