Picture of the logo of Gazprom on their Serbian main office in Belgrade. Gazprom is one of the main oil compnaies from Russia

A Polish court has overturned a decision by Poland’s anti-monopoly watchdog to impose a 6.2bn euro ($6.3bn) fine against Russian gas giant Gazprom, the watchdog said.

The fine imposed in 2020 against Gazprom and five other companies, including British-Dutch giant Shell, was over construction of the Nord Stream 2 pipeline.

The anti-monopoly watchdog, UOKiK, had launched an anti-trust procedure against the companies building the pipeline, saying that its construction would hamper competition.

UOKiK said in a statement that it was “surprised” by the finding from Poland’s Court of Competition and Consumer Protection over-ruling its decision.

“The threats we talked about when presenting the decision are clearly visible today not just in Poland, but throughout Europe,” UOKiK president Tomasz Chrostny said in the statement.

“We will appeal against the judgment.”

Picture of the logo of Gazprom on their Serbian main office in Belgrade. Gazprom is one of the main oil compnaies from Russia

By Tony Foote

Editor of The New Zealand Orator