The Permanent Court of Arbitration in The Hague has started two proceedings on the Ukrainian companies Ukrnafta and Stabil assets in Russia’s annexed Crimea.
Hearing is scheduled on July 11.
Ukrnafta and Stabil stated that the Russian Federation did not fulfil its obligations “by steps taken in April 2014 to impede and expropriate investments in petrol filling stations in Crimea.”
As previously reported, the largest private oil and gas company Ukrnafta filed a lawsuit against Russia at the Court of Arbitration in The Hague at the beginning of 2016.
Similar lawsuits were filed by other 11 Ukrainian companies: Stabil, Rubenor, Rustel, Kirovograd-Nafta, Crimea-Petrol, Pirsan, Trade-Trust, Eleftheria, Satek, Stemv Group and Novel-Estate.