The arbitration tribunal under the Permanent Chamber of the Arbitration Court in the Hague ordered Russia to pay the Ukrainian state -owned company Naftogaz compensation for $ 5 billion for assets on the Crimea annexed in 2014. This was reported by RBC with reference to the press service “Naftogaz”.
“The court found that the amount of such compensation should be equal to the fair market value of Naftogaz assets until their expropriation. Although Russia insists that” Naftogaz “does not have the right to any compensation for the expropriation of its assets, arbitration The tribunal did not agree with this statement, ”the report said.
In addition, the arbitration obliged Russia to pay “Naftogaz” procedural costs.