Oleksiy Chernyshov: Court in The Hague ordered russia to pay $5bn in compensation for losses and lost property of Naftogaz in Crimea

Russia must pay Naftogaz USD 5 billion for losses caused by the seizure of Naftogaz Group’s assets in the Autonomous Republic of Crimea in 2014, according to a ruling by The Hague’s Arbitration Tribunal at the Permanent Court of Arbitration on April 12, 2023.

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