Stockholm arbitration adopted Kolomoisky claims to Russia by $1 billion

The Stockholm arbitration court accepted for consideration the claims for the sum about $1 billion of Ukrainian businessman, co-owner of PrivatBank Igor Kolomoysky to the Russian authorities because of the loss of assets in Crimea. About it reports “Interfax-Ukraine” with reference to the statement by the Chairman of the Board of PrivatBank Dmitry Dubilet.

“We went through all the procedure, and the Stockholm arbitration court has accepted to consideration claims. We are talking about $1 billion Subject of the claim – lost property, credit, assets [in the Crimea]” — leads the Agency of his word, said in an interview with “New time”.

The Agency notes that the co-owners Kolomoisky estimated total losses of participants of the group “Privat” from the annexation of Crimea to Russia in the amount of almost $2 billion.

In early January it was reported that Hague’s Arbitration court accepted for consideration the suit of Kolomoisky to the authorities of Russia, in which the plaintiff sought to recover from the Russian authorities, to seek compensation of $15 million for the nationalized authorities of Sevastopol Belbek airport.

PrivatBank initiated against the Russian Federation the arbitration proceedings on the protection of lost in Crimea investment in July last year. The Russian justice Ministry said that Russia does not recognize the jurisdiction of international arbitration for consideration of the dispute, citing the intergovernmental agreement of November 27, 1998 between Russia and Ukraine on promotion and mutual protection of investments.

As explained in the Ministry of justice, according to the agreement, the term “investment” means all kinds of pecuniary and intellectual values that are invested by an investor of one Contracting party in the territory of the other Contracting party in accordance with its legislation.

“The property in dispute, is situated on the territory of the Republic of Crimea and the city of Sevastopol, which previously was a part of Ukraine, and is currently on the voting results was included into the Russian Federation. The corresponding relations can not be regulated by the agreement”, — stated the press service of the Ministry of justice, noting that the Russian Federation does not recognize the jurisdiction of international arbitration at the Permanent court of arbitration review named dispute.