Austria will fight with Poland in court for Nord Stream 2

Austria will fight with Poland in court for Nord Stream 2

The Austrian company OMV announced its intention to compete in court with the Polish antimonopoly regulator UOKiK, which demanded that it terminate the contract to finance the Nord Stream 2 pipeline project.

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As the company representative pointed out, OMV will point out in the appeal that UOKiK’s decision has no basis. The time frame for submitting the complaint was not specified in the press service.

The regulator announced its verdict in early October. Russia’s Gazprom was fined $7.6 billion, while its European partners Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall were fined $61 million in total. At the same time, they were required to refuse cooperation on the project within a month.

Gazprom will also appeal the decision. The European Commission noted that the amount of the fine looks excessive. EC Executive Vice President Margaret Vestager indicated that such amounts could only appear in the past.

Experts do not exclude that the process will drag on for many years. So, Bloomberg believes that we are talking about five years, while the case, most likely, will not be considered in European courts. As for the Polish authorities, they are still heavily dependent on politics. So, the case on the collusion in the field of the interbank commission from 2006 is still being considered in Poland.

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