MOSCOW, April 3 - Gazprom has provisioned for the full amount of a fine on a transit contract with Naftogaz Ukrainy, despite published statements about the sum of the two arbitration rulings in disputes with the Ukrainian oil and gas company being $2.56 billion, or the difference between the fine of $4.673 billion and Naftogaz's confirmed gas debt of $2.018 billion.

The Russian gas giant has recognized expenditures of 272.943 billion rubles, or $4.74 billion at the exchange rate at the end of 2017, under the line item for fines and penalties for violation of contractual terms in its financial statement. This is almost in line with the arbitration ruling ordering Gazprom to pay the fine.