All articles tagged with #naftogaz
Ukraine's parliament appoints Sergii Koretskyi as prime minister in a wartime reshuffle as Zelenskyy also installs Yevhenii Khmara of the SBU as acting defence minister amid protests over the dismissal of Mykhailo Fedorov. The changes aim to bolster energy resilience ahead of winter and accelerate EU integration, with several foreign ministry appointments to be decided in coming sessions.
President Zelenskyy backs Sergii Koretskyi, head of Naftogaz, as Ukraine’s next prime minister and signals a broad cabinet shake-up that includes replacing Defence Minister Mykhailo Fedorov, as Kyiv readies for winter, strengthens energy security, and advances EU membership and Gulf partnerships.
Ukraine’s Naftogaz has spent about $180 million to harden oil and gas infrastructure with air defenses, jamming systems, interceptor drones, barriers and underground bunkers, a model it says Middle Eastern energy firms may need as cheap drone swarms threaten facilities; Kyiv’s anti-drone know-how is being shared with Gulf states, while analysts warn defending energy sites from large drone swarms requires layered defenses beyond expensive missiles.
Russia launched its largest attack on Naftogaz gas infrastructure in Ukraine since the invasion began, targeting facilities with missiles and drones, causing extensive damage and raising concerns about disrupting Ukraine's winter heating season.
Russian missile strikes hit Naftogaz Group facilities in western Ukraine, causing damage and a fire at an energy infrastructure facility in Lviv region. No casualties have been confirmed, and efforts to contain and eliminate the consequences of the strikes are underway. The CEO of Naftogaz of Ukraine promised further updates as the situation develops.
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.
Naftogaz, Ukraine's energy giant, has won a $5 billion lawsuit against Russia over the illegal seizure of its assets in Crimea in 2014. The Hague-based tribunal, administered by the Permanent Court of Arbitration, ordered Russia to compensate Naftogaz for its losses. The award was made after hearings to determine the amount of compensation, which ended in March 2022 after Russia's full-scale invasion of Ukraine. The court rejected Russian claims that Naftogaz is not entitled to any compensation for the expropriation of its assets.
An arbitration court in The Hague has ordered Russia to pay $5 billion in compensation to Ukraine's state-owned gas company Naftogaz for unlawfully expropriating its assets in Russian-annexed Crimea in 2014. Naftogaz CEO Oleksiy Chernyshov described the ruling as a "key victory on the energy front" and said he expected more decisions in Ukraine's favour to come. If Russia refuses to pay voluntarily, Naftogaz could initiate a "process of recognition and admission to enforce the award in the territory of those states where assets of the Russian Federation are located."