Feedback
Ukraine sues Russia for illegal capture of its gas assets in Crimea
11:27, 19 October 2016
Ukraine sues Russia for illegal capture of its gas assets in Crimea

State-run enterprise Naftogaz demand that the Russian government makes up USD 2.6 billion

11:27, 19 October 2016

natural gas
gazprom.ru

Ukraine’s national joint stock company Naftogaz and six of its affiliated companies started the arbitration procedure against Russia. The Ukrainian side accuses Russia of illegally capturing Ukrainian gas assets in Crimea during the occupation of the peninsula in spring 2014. Interfax Ukraine agency reported this with reference to Naftogaz’s press service.

Naftogaz assessed the total sum of losses as of USD 2.6 billion. The company demands that Russia makes up the losses that Ukraine suffered after the illegal capture of gas assets. That also breached the Ukraine-Russia intergovernmental agreement, under which the countries were obliged to mutually support and protect each other’s investments.

‘After the illegal invasion in Crimea and the peninsula’s occupation in 2014, the Russian Federation stripped Ukrainian companies of their assets without compensating the losses. At the time, Naftogaz had several valuable assets in Crimea. Russia rudely violated the bilateral agreement on investment protection; it demands that the Russian Federation protects and respects the Ukrainian assets, including these based in Crimea’, the company said.    

Related: Nasalyk: Ukraine has enough coal and gas to go through heating season

Related: Cabinet of Ministers ordered to pump 17 billion cubic meters of gas into Ukrainian storage facilities

Related: Novak: Ukraine has to buy at least 2 billion cubic meters of gas from the Russia

Related: EU to restart trilateral gas talks with Ukraine and Russia

Related: Stockholm Syndrome: The risks of "Naftogaz" in trial with "Gazprom"

Related: Ukraine’s Naftogaz company demands USD 26,6 bln from Russian Gazprom

Topics:
Система Orphus

If you find an error, highlight the desired text and press Ctrl + Enter, to tell about it

Comments
see more