The Ukrainian Supreme Commercial Court of Appeal has upheld the nationalization of 1,433 kilometers of pipeline through the country which it says was illegally registered in the name of a subsidiary of Russia’s Transneft.

A spokesman for Transneft, Igor Demin, told TASS that the company intends to appeal the decision, and added that it will lead to a decline in the transit of product, and „the pipeline asset will turn into a pile of iron.“