Naftogaz against Russia for Crimean assets

 

“Naftogaz of Ukraine and six companies part of the Naftogaz group – Chernomorneftegaz, Ukrtransgaz, Likvo, Ukrgazdobycha, Ukrtransnafta and Gaz Ukrainy – filed a lawsuit with the tribunal formed under the Permanent Court of Arbitration in The Hague on compensation of losses due to Russia’s illegal seizure of the group’s assets in Crimea,” the statement said.

Naftogaz, the Ukraine’s energy giant has filed a lawsuit with The International Court of Justice in The Hague against Russia to recover $5bln for the assets lost in Crimea.

The judgement pronunciation of this case is expected by late 2018.

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