Russian court orders Ukraine to pay 112 million dollars to Russia's TatNeft

Source : 112 Ukraine

Supreme Court considers that there is no reason for reviewing the decision
15:30, 24 October 2019

Open source

The Supreme Court of Russian Federation has ordered Ukraine to pay compensation in the amount of 112 million dollars to Russian oil company TatNeft in the framework of the UkrNafta case. This is stated in the case file, Interfax reports.

Thus, the court rejected the cassation appeal of Ukraine, which appealed against the decision of Arbitration Courts of the Stavropol and North Caucasus districts. At that time, Ukrainian side pointed to a violation of substantive and procedural law.

The Supreme Court considers that there are no grounds for reviewing the decisions.

Related: Russian Tatneft oil firm ran Crimea fuel station, ignoring sanctions risk

As we reported earlier, international arbitration ruled the case in favor of TatNeft and ordered Ukraine to pay compensation to Russian company in the amount of 112 million dollars, as well as the interest. Since then, Ukraine has tried to challenge the decision in international courts.

In 2017, a motion about the enforcement of the court decision was filed by TatNeft, which was considered by the High Court of London. Eventually, Court granted the company's motion. In 2018, the Royal Court of London dismissed Ukraine’s appeal. As a result, the total compensation in favor of Russian company increased to 146 million dollars.

Related: Swiss court adopts decision in favor of Ukrnafta in lawsuit against Russia

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