News on April 13: “Naftogaz” beat the Russian Federation in The Hague by $5 billion, the SBU seized Novinsky’s property
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About The Hague. The arbitral tribunal at the Permanent Chamber of the Arbitration Court in The Hague obliged the Russian Federation pay out $5 billion in compensation for damages and lost property of Naftogaz in Crimea, starting in 2014.
About Novinsky. The Security Service of Ukraine and the Prosecutor General’s Office announced seizure of property the sanctioned pro-Russian oligarch Vadym Novinsky, who is involved in aiding the aggressor country.
About LVMH. Shares of Louis Vuitton Moët Hennessy holding rose to a record level after Chinese shoppers emerged from the world’s strictest quarantine restrictions and splurged on luxury handbags and jewelry, sparking a surge in sales.
About war. National Agency for the Prevention of Corruption (NACP) contributed the Chinese corporation Xiaomi to the list of international war sponsors.
About business. Great Britain is ready to provide Ukraine additional 500 million dollars in credit guarantees, bringing the total amount this year to $1 billion.
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The right to 5 billion dollars. How “Naftogaz” again defeated Russia in court and whether it will receive money
The Ukrainian state-owned company once again managed to defeat Russia in international courts, this time in The Hague. What property was Naftogaz sued for, what does this victory bring and will it be possible to collect compensation?
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