The International Court of Arbitration has ruled that Russia must pay Ukrnafta $48 million for gas stations and buildings stolen five years ago with the annexation of Crimea.

Wednesday, April 17, 2019
The International Court of Arbitration has ruled that Russia must pay Ukrnafta $48 million for gas stations and buildings stolen five years ago with the annexation of Crimea.

The International Court of Arbitration has ruled that Russia must pay Ukrnafta $48 million for gas stations and buildings stolen five years ago with the annexation of Crimea. Last October, Switzerland’s Supreme Court ruled that the Arbitration Court has jurisdiction. The compensation to the state oil and gas company covers the value of stolen property, interest since April 2014 and arbitration costs. It is unclear if Russia will pay. Ukrenergo, the state electricity company, also plans to sue Russia to stealing its assets in Crimea.

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