21 Nov 2022 20:03

Polish court overturns $8 bln fine for Gazprom and NS2 partners, regulator to appeal

MOSCOW. Nov 21 (Interfax) - The Polish Court of Competition and Consumer Protection on Monday overturned the decision of the Polish antimonopoly regulator to impose fines on Gazprom and five European companies participating in the Nord Stream 2 gas pipeline project.

Office of Competition and Consumer Protection or UOKiK said in a statement that it would appeal the ruling after studying it. The ruling can be challenged at the Warsaw Appeals Court and then the Supreme Court.

The court said a joint venture was never created, and the assessment of the consequences for the economy, as well as the attempts by the project participants to circumvent the law, is outside UOKiK's jurisdiction, according to the press release.