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                        FRIDAY, APRIL 19, 2024
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Ukrenergo notifies Russia about tribunal over assets seized in Crimea
Journal Staff Report

KYIV, Aug 28 – Private joint-stock company Ukrenergo on August 27 notified Russia about the transfer of demands in a dispute over the illegal seizure of the company's infrastructure facilities in Crimea to the arbitration tribunal.

Ukrenergo said that the next step will be the creation of the arbitral tribunal for hearing the claim.

"Ukrenergo claims compensation for violation of an agreement between the Cabinet of Ministers of Ukraine and the Russian government on the promotion and mutual protection of investments dated 1998 by Russia. The requirements also include compensation for damage from the illegal expropriation of Ukrenergo's investments in Crimea and violation of the obligation to guarantee full and unconditional legal protection," the company said.




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