Wednesday, 20 September, 2017, 12:55 Economy
Naftohaz to sue Russia for pumping oil/gas in Crimea

The Naftohaz of Ukraine company and its 6 subsidiaries have filed a law suit against Russia at the Hague Tribunal demanding a compensation of $5 bn for using Ukrainian rigs and pumping oil/gas on Crimea’s sea shelf.

The tribunal is expected to pass its verdict by late 2018.

To help with the law suit, Ukraine hired lawyers of Covington&Burling LLP which has a positive record against Russian companies.

Covington&Burling LLP won a case by YUKOS winning $60 bn in compensations.

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2017-10-20 22:52:32