Naftogaz of Ukraine and six subsidiary companies of Naftogaz initiated the arbitration proceeding against Russia, claiming the reimbursement of damages from loss of assets in the Crimea, company’s press-office reports to RNS.
Preliminarily Naftogaz assessed the damages of the group as $2.6 bln, the company informs.
The proceeding was initiated in accordance with the agreement between the Cabinet of Ministers of Ukraine and the government of Russia on the stimulation and mutual protection of investments (the Russian-Ukrainian bilateral investment agreement).
“In the Crimea, Naftogaz had several valuable energy assets, the seizure of which seriously violates the bilateral investment agreement”, according to the Ukrainian company.
Except for Naftogaz, the arbitration proceeding was initiated by its subsidiaries: Chornomornaftogaz, Ukrtransgaz, Likvo, Ukrgazvydobuvannya, Ukrtransnafta, and Gaz Ukrainy.
In mid-December 2015, Naftogaz declared about the intention to pursue in court for the assets in the Crimea.
Then the company reported that it lost 15 oil and gas deposits, three potential areas of oil and gas deposits, Glebovske underground gas deposit, more than 1200 km of main gas pipelines, 43 gas distribution stations, 29 units of watercraft and four floating drilling units in the Crimea and on the shelf plate.
