Ukraine lost 100 billion dollars because of Russian aggression in Crimea and Donbas

Source : 112 Ukraine

Experts advise Ukrainian companies to file suits in international courts demanding compensation
21:13, 9 June 2018
Ukraine lost 100 billion dollars because of Russian aggression in Crimea and Donbas. This is stated in the study of the Atlantic Council analytical center, which was presented at the Ukrainian Crisis Media Center.

Thus, the study says that after the annexation of Crimea, Ukraine lost 1.4 million hectares of land, which are estimated at more than 1.8 billion dollars. In addition, banks lost their assets, which remained in the bank branches (from 1.7 to 1.9 billion dollars). Together with this, Russia confiscated "Krymenergo", that is, Ukraine lost $ 1 billion.

In Donbas, most of the infrastructure has been destroyed because of the fighting. In the study, experts estimated losses of 9.5 billion dollars.

And after the decrease in the share of trade with Russia, Ukraine lost another $ 14 billion.

It is specified that Russia has also suffered economic losses. In particular, Russia annually spends about $ 2 billion to support Crimea, and military embezzlement has recently risen to 5.3% of GDP.

Experts emphasize that Ukrainian companies and individuals who lost their assets as a result of Russia's aggression can file lawsuits to international courts demanding compensation from the Kremlin.

"Ukrainians have several ways to get compensation for the damage, one way is a bilateral agreement on investments between Ukraine and Russia that was signed in 1998. This agreement stipulates that each party will encourage investors of the other party to invest in its territory and will allow such investments, respecting the legislation of the other party," said the President of the World Congress of Ukrainians (UWU), Evgen Choliy.

Note that Russia began its aggressive actions on the territory of Ukraine in 2014, annexing Crimea and deploying military operations in Donbas.

As of February 2017, 9.8 thousand Ukrainians were killed, 23 thousand were injured and almost 1.8 people were internally displaced. Thus, Russia captured 7.2% of the territory of Ukraine.

On January 25, 2017 the Verkhovna Rada recognized the Russian Federation as an aggressor.
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