Interfax-Ukraine reported that Kyiv circuit administrative court has cancelled an instruction by former Ukrainian Prime Minister Ms Yulia Tymoshenko who obliged the energy minister and the chairman of NJSC Naftogaz Ukrainy board to include in Naftogaz assets the 11 billion cubic meters of taken from Swiss-based gas trader RosUkrEnergo.

The report said "The claim filed by Public Prosecutor General office to recognize illegal and cancel former premier Ms Yulia Tymoshenko January 21st 2010 instruction has been satisfied."

As was reported, the claim was filed at Kyiv's circuit administrative court on September 10th 2010.

The Public Prosecutor General office also lodged a claim at Kyiv economic court to invalidate January 20th 2009, agreements between Naftogaz and Russia's OAO Gazprom on the sale and purchase of 11 billion cubic meters.

It was reported earlier that Naftogaz Ukrainy and Gazprom signed the agreement on assignment of USD 1.7 billion in RUE debt in January 2009 under a directive approved by then Ms Yulia Tymoshenko Prime Minister.

Until January 19th 2009 the disputed 11 billion cubic meters of gas was in underground storage in Ukraine. RUE acquired the gas from Gazprom under contracts concluded in 2004 to 2007. RUE debt to Gazprom for the gas totaled USD 1.7 billion.

Under the January contracts, Gazprom ceded the creditor rights for the RUE debt to Naftogaz for which the Ukrainian concern paid USD 1.7 billion it had received from Gazprom as payment for future gas transit services.

(Sourced from Interfax-Ukraine)