Naftogaz is demanding $10B in compensation from Russia
through the Arbitration Tribunal in The Hague for assets lost due to the annexation of Crimea. In a lawsuit against Russia, Naftogaz seeks more than $10B in damages, including interest. Arbitration hearings have started, during which the amount of compensation to Naftogaz for the lost opportunity to use assets in Crimea must be determined. Russia illegally appropriated the Ukrainian Crimea and has been using what belongs to Ukrainians for eight years, including the national company Naftogaz’s deposits, drilling rigs, underground storage facilities, ships, gas transportation system, and many other company assets, ” said the head of “Naftogaz”, Yuri Vitrenko.