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If Ukraine wins in Hague Arbitration Court, it can subtract Russia's state property, - Atlantic Council
09:24, 11 May 2018

If Ukraine wins in Hague Arbitration Court, it can subtract Russia's state property, - Atlantic Council

This is foreseen by the 1958 New York Convention; the winning party has the right to collect state property anywhere on the globe

09:24, 11 May 2018

112 Agency

If Ukraine wins the Crimea-related lawsuit against Russia in the Hague Arbitration Court, it can subtract any state property that belongs to Russia. Atlantic Council expert Anders Aslund said this as quoted by the Voice of America

'According to the New York convention of 1958, the winning party has the right to collect state property pretty much anywhere in the world and western countries do apply it. The legal costs are high and it is slow, but it works', he said.

As is known, the Hague Arbitration Court previously ruled that Russia is responsible for violating the rights of Ukrainian investors, and it should make up losses for Ukrainian companies to the amount of 159 million U.S. dollars. 

Related: Hague court orders Russia to pay Ukrainian companies for losses over Crimea annexation

Related: Russia flouts Hague Court order to reinstate the Crimean Tatar Mejlis and education in Ukrainian in occupied Crimea

Related: Russia sends to Stockholm Court of Arbitrary documents on breaking gas contracts with Ukraine

Related: Gazprom refuses to live up to Stockholm arbitrary court decision, - Naftogaz-Ukraine

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