“The necessary conditions for the extension of an existing contract or the conclusion of a new contract are the refusal of both parties to all mutual claims in international arbitration and the termination of all legal proceedings,” RIA Novosti quoted the company as saying.

Gazprom also announced the need to cancel the decision of the Antimonopoly Committee of Ukraine on imposing a fine on the company for allegedly "violating economic competition", as well as withdrawing the petition of Naftogaz of Ukraine to initiate an investigation by the European Commission against Gazprom.

It was previously reported that Gazprom had sent Naftogaz a proposal to extend the current contract for a year or to conclude a new gas transit agreement.

In early November, the executive director of Naftogaz of Ukraine Yuriy Vitrenko commented on the negotiations on a new gas contract. According to him, the presence of open disputes between Gazprom and Naftogaz, as well as the absence of a gas supply contract between the companies since 2020, are far-fetched problems for concluding a new gas transit contract.

As reported, the Ukrainian Naftogaz plans to recover $ 3 billion from the Russian Gazprom before the end of 2020.

Russian Energy Minister Alexander Novak, commenting on Naftogaz’s lawsuit against Gazprom for $ 12 billion, noted the need to return “to the settlement on the basis of a“ zero ”version of all issues related to court disputes.”