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Kazakhstan Allowed to Recover $1.4 Billion from Gazprom in Favor of Naftogaz — First Precedent in the World

A Kazakhstan court has upheld an arbitration ruling against Gazprom and paved the way for forced asset recovery. This is the first case globally where a foreign jurisdiction has publicly permitted the enforcement of this decision.

Tetiana Suchkova-Ladik

By Tetiana Suchkova-Ladik

May 20, 2026 · 2 min read

Kazakhstan Allowed to Recover $1.4 Billion from Gazprom in Favor of Naftogaz — First Precedent in the World
Фото: Depositphotos

Kazakhstan's court allowed Naftogaz to forcibly collect $1.4 billion from Gazprom on its territory. This is the first publicly confirmed foreign court decision that recognizes and permits enforcement of an arbitration award against the Russian state company in a separate jurisdiction.

The decision means: if Gazprom has assets in Kazakhstan — bank accounts, stakes in enterprises, property — Naftogaz obtains a legal instrument to seize them and pursue collection. Without this step, the arbitration award would have remained merely a declaration on paper.

Where did these $1.4 billion come from

The arbitration proceedings have been ongoing for years. Naftogaz challenged the terms of gas contracts that Ukraine signed with Gazprom during the so-called "gas wars" of the 2000s. International arbitration awarded the Ukrainian company compensation, but Russia systematically avoided payment, and without recognition of the decision in specific countries, its enforcement was blocked.

Kazakhstan became the first country to publicly complete this procedure to the end.

Why Kazakhstan specifically

Kazakhstan is a party to the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards — as are most countries in the world. Formally, the mechanism exists everywhere. But recognizing a decision against Gazprom — a company that is Astana's strategic energy partner — is a political choice, not merely a legal procedure.

Gazprom transports significant volumes of gas through Kazakhstan's infrastructure, and bilateral energy ties between the countries remain strong. Nevertheless, the court ruled in favor.

What comes next with the assets

This is where the main uncertainty arises. The recognition decision is a permission, not an automatic collection. Naftogaz must independently identify Gazprom's assets in Kazakhstan and initiate their seizure. How real, liquid, and accessible these assets are has not been publicly confirmed.

At the same time, the precedent is important not just for this specific collection. It signals to other jurisdictions: recognizing arbitration decisions against Gazprom is legally feasible even in countries with close economic ties to Russia.

Naftogaz previously attempted to recognize similar decisions in Luxembourg, the Netherlands, and Switzerland — with varying success and lengthy appeals from Gazprom. The Kazakhstan precedent is the first to receive public confirmation at a completed stage.

If Naftogaz manages to actually collect at least part of the sum in Kazakhstan — this will change the logic of the entire campaign to enforce decisions: instead of waiting for frozen assets in Europe, seek parallel entry points where Gazprom still conducts business.

The question that remains open: whether Kazakhstan has Gazprom assets of sufficient volume — and whether the company did not manage to withdraw them after the proceedings became public.

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May 26, 2026