“Ukrnafta” and another 11 Ukrainian companies filed lawsuits against Russia to the Hague arbitration

The HAGUE, 11 January. /Corr. Vitaly Chugin/. Ukrainian oil company “Ukrnafta” and another 11 companies from Ukraine appealed to international arbitration claims against Russia. This is evidenced by the documents published today on the website of the Permanent court of arbitration (PCA) in the Hague.

Proceedings initiated in connection with the Russian – Ukrainian agreement on the promotion and reciprocal protection of investments of November 27, 1998. What exactly are the claims of Ukrainian companies and what they achieve, not specified.

The Russian side has not accepted the jurisdiction of international arbitration and did not appoint its representatives for the proceedings.

In addition to the “Ukrnafta” in the arbitration appealed the company Stabil (“Stable”), Rubenor (“Rubinar”), Rustel (“Rustel”), Novel-Estate, Kirovograd-Nafta, Crimea-Petrol, Pirsan, Trade-Trust, Elefteria, and Satek Stemv Group.

January 6, PCA reported that arbitration in the Hague began the trial of the claim of Ukrainian businessman Igor Kolomoisky and company “Belbek Airport” to the Russian Federation. Russia in this case also refused to accept the court’s jurisdiction.