Tag

Naftogaz

All articles tagged with #naftogaz

world1 month ago•3 min saved

Norway Seizes Russian Arctic Ship to Enforce Crimea Arbitration Award

Norway seized the Russian-flag ship Professor Molchanov in Barentsburg at Naftogaz’s request to enforce a 2023 arbitration award of about $4.22 billion for Crimea-era asset expropriation, highlighting Kyiv’s push to convert arbitration wins into asset seizures abroad; the seizure raises concerns about supplies to Arctic settlements, though Oslo says essential goods exemptions apply and civilians will be protected, while Moscow decries the move as piracy and vows to appeal.

via Kyiv Post|

#arbitration #barentsburg #naftogaz

world1 month ago•5 min saved

Russia Demands Release of Arctic Vessel Seized in Norway Over Crimea Award

Russia demanded the immediate release of the Professor Molchanov, a research vessel seized by Norwegian authorities in Svalbard to enforce Naftogaz's $4.2 billion arbitration award over assets taken in Crimea; Norway says the action enforces a court ruling, not a political move, as Kyiv seeks to recover Russian assets abroad.

via Kyiv Post|

#arbitration #naftogaz #norway

world1 month ago•3 min saved

Arctic seizure: Norway halts Russian ship to enforce Naftogaz's $4.22B award

Norway seized the Russian vessel Professor Molchanov near Svalbard to enforce Naftogaz’s $4.22 billion Hague arbitral award for Russia’s expropriation of Crimea assets; the ship is being held on Svalbard and its crew and passengers are not detained. Naftogaz has pursued enforcement across multiple jurisdictions, while Russia appeals the decision, which Moscow calls piracy.

via france24.com|

#naftogaz #norway #russia

world1 month ago•3 min saved

Norway seizes Russian Arctic cruise ship over Crimea arbitration

Norwegian authorities impounded the Russian-owned expedition cruise vessel Professor Molchanov at Barentsburg in Svalbard on behalf of Ukraine's Naftogaz to enforce a $4.22 billion arbitration award for Russia's 2014 Crimea annexation; the ship cannot leave the port, passengers are being processed separately, and Naftogaz says it will continue pursuing Russian assets globally across about ten jurisdictions.

via Euronews.com|

#arbitration #crimea #naftogaz

world1 month ago•3 min saved

Norway Seizes Russian Vessel to Enforce Naftogaz’s $4.2 Billion Award

Norway seized the Russian-owned vessel Professor Molchanov near Svalbard to enforce Naftogaz’s $4.2 billion Hague arbitral award for Crimea expropriation, after a standoff with the coast guard; Russia calls it piracy, while Naftogaz says it will continue pursuing asset enforcement across multiple jurisdictions.

via The Moscow Times|

#arbitration #naftogaz #norway

world1 month ago•2 min saved

Norway seizes Russian Arctic cruise ship to enforce Crimea compensation award

Norway seized the Russian-owned Professor Molchanov in Svalbard after a 24-hour Coast Guard standoff to enforce Naftogaz's $4.22 billion arbitral award for Crimea expropriations; Moscow denounces the move as piracy and will challenge the ruling, while Naftogaz vows to pursue Russian assets worldwide. The ship is used for expedition cruises to Svalbard, and passengers are being cared for by Norwegian authorities.

via Al Jazeera|

#arctic #crimea #naftogaz

world1 month ago•51 min saved

Arctic seizure: Norway seizes Russian vessel to back Ukraine-arbitration payout

Norway seized the Russian vessel Professor Molchanov in Svalbard at Ukraine's Naftogaz request to enforce a 4.22 billion arbitral award tied to Russia's Crimea seizures; the vessel is barred from leaving Barentsburg as part of a broader global effort to seize Russian assets, with Moscow condemning the move as state terror.

via Yahoo|

#naftogaz #norway #russia

world1 month ago•10 min saved

Norway Seizes Russian Vessel to Enforce Naftogaz Debt Award

Norwegian authorities seized the Russian cruise ship Professor Molchanov at Svalbard to enforce Naftogaz’s roughly $4.2 billion arbitration award for assets Russia seized after its 2014 Crimea annexation, with the vessel anchored at Barentsburg as part of ongoing asset recovery efforts.

via Kyiv Post|

#arbitration #asset-seizure #naftogaz

world2 months ago•2 min saved

Ukraine overhauls wartime cabinet amid defence minister dismissal row

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.

via Euronews.com|

#cabinet-reshuffle #defence-ministry #naftogaz

world2 months ago•3 min saved

Zelenskyy backs Naftogaz chief Koretskyi as Ukraine mulls new PM amid cabinet shake-up

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.

via Al Jazeera|

#cabinet-reshuffle #fedorov #koretskyi

world6 months ago•4 min saved

Ukraine’s Energy Shield: Anti-Drone Spending Could Go Global

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.

via The New York Times|

#drones #energy-security #middle-east

world1 year ago•1 min saved

Russia's Largest Attack on Ukraine's Gas Facilities Escalates Tensions

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.

via Kyiv Post|

#attack #gas-facilities #naftogaz

international-conflict2 years ago•1 min saved

"Russian Missile Strikes Target Ukrainian Energy Infrastructure"

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.

via Ukrinform|

#energy-infrastructure #international-conflict #missile-strikes

business3 years ago

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

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.

via The Wall Street Journal|

#assets #business #crimea

business3 years ago•1 min saved

Naftogaz Wins $5 Billion Lawsuit Against Russia Over Crimea Assets.

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.

via The Moscow Times|

#business #crimea #hague-based-tribunal