An Amsterdam court has seized Gazprom’s stake in Blue Stream Pipeline Company BV, which operates Black Sea gas pipeline from Russia to Turkey

An Amsterdam court has seized Gazprom’s stake in Blue Stream Pipeline Company BV, which operates Black Sea gas pipeline from Russia to Turkey, as part of Ukraine’s Naftogaz dispute with Gazprom. Russia’s state gas company also revealed in its Q2 earnings report that the Amsterdam District Court seized debt owed by Blue Stream to Gazprom. Due to a February ruling by Stockholm Arbitration Court, Gazprom is to pay Naftogaz $2.6 billion. The Gazprom report states the company “disputes the actions of Naftogaz” in the courts of Switzerland, the Netherlands and Great Britain.