Two Ukrainian energy companies have asked a U.N. arbitrator to award them compensation for investments they lost when Russia seized control of the Crimean peninsula, the Permanent Court of Arbitration (PCA) said Monday.
The case, brought in June but only now made public, involves gas stations owned by Ukrnafta and Stabil. It is the lastest instance of investors asking international courts to compensate them for losses they blame on the Russian government.
Last year, Igor Kolomoisky, one of Ukraine’s richest businessmen, brought a case before the same court seeking some $15 million compensation from Russia for the loss of an airport he …read more
Source: Voice of America
