Russia Ordered to Pay $5 Billion to Ukraine's Naftogaz for Seizing Crimea Assets

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Source: The Wall Street Journal
Russia Ordered to Pay $5 Billion to Ukraine's Naftogaz for Seizing Crimea Assets
Photo: The Wall Street Journal
TL;DR Summary

An international arbitration court has ordered Russia to pay Ukraine's state-owned energy company, Naftogaz, $5 billion for assets seized during the annexation of Crimea in 2014. The court found that Russia had unlawfully expropriated Naftogaz's assets, including oil rigs and gas pipelines, and must compensate the company for their value. The ruling is the latest in a series of legal battles between Russia and Ukraine over the annexation of Crimea.

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