Ukraine’s state energy company Naftogaz has secured a ruling from the international arbitration tribunal that orders Russia to pay $5bn in losses related to the seizure of natural gas and oil assets in Crimea.
“Russia must now comply with this decision in accordance with its obligations under international law,” Oleksiy Chernyshov, chief executive of Naftogaz, said in a statement on Thursday.
Ukraine has filed scores of lawsuits against Russia seeking compensation for damages linked to its aggression, starting with the annexation of Crimea in 2014.
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