KIEV, July 4 - Naftogaz Ukrayiny and Gazprom are holding negotiations to figure out exact payments they have to make to each other following a ruling by an arbitration court in Stockholm, the Ukrainian company reported Tuesday.

Naftogaz owes $2.2 billion to Gazprom for gas supplied between November 2013 and May 2014 as the two are in a gas price dispute. The court ruled on May 31 the price during this period was too high and must be recalculated before Naftogaz makes any payments.