Permanent court of arbitration in the Hague ordered Russia 44, $ 4 million compensation for loss of property of the organization "Ukrnafta" in the Crimea, said the press service of the organization.
Additionally, the court asked in a persistent form, to offset interest (more than 5, 5 million dollars), interest and arbitration costs (over 3, 5 million).
in the lawsuit the narrative is about the administrative offices and 16 gas stations within the Peninsula.
Also, the arbitral Tribunal recognized its jurisdiction in a similar suit against Russia filed by the Ukrainian firm Stabil and ten other persons
in October 2014, Ukrnafta announced that the Russian Federation violated obligations under the investment Treaty of 1998. It is, in the opinion of the organization, first, prevented investments in the Crimean filling stations, and then led to their " expropriation ".
As reported, Ukrnafta, four years later, the Supreme court of Switzerland admitted that the Firm is an investor under the Treaty and its property in Crimea - investments.
The Russian side said that the bilateral agreement on investment protection cannot serve as a basis of settlement of the claims of the plaintiffs by the arbitral Tribunal.
in addition, they emphasized that do not recognize the jurisdiction of the Hague Tribunal in this proceeding.