Ukrainian Naftogaz: Russia sentenced to compensation of 5 billion dollars

The Ukrainian natural gas company Naftogaz reported that Russia was sentenced to $5 billion in compensation for the illegal seizure of its assets in Crimea.

In a written statement from Naftogaz, it was noted that the Permanent Court of Arbitration in The Hague made a decision in favor of the company on April 12.

In the statement, it was noted that Russia illegally confiscated the company’s assets in Crimea and said: “The amount of compensation that Russia is obliged to pay to Naftogaz for losses arising from the confiscation of our assets in Crimea is 5 thousand millions of dollars”. .

WARNING THAT YOU CAN ALSO SEE THE ASSETS OF OTHER COUNTRIES

In the statement, it was noted that Russia seized natural gas transmission systems, power lines, towers and financial assets belonging to the company in Crimea, and that Russia’s assets in other countries could be confiscated if it does not comply with the decision.

In 2016, Naftogaz filed a lawsuit against Russia in an arbitration court alleging that its assets in Crimea were confiscated. The Russian Ministry of Justice did not participate in the proceedings in question because it did not recognize the jurisdiction of the court. (AA)