Russia Ordered to Pay Ukraine’s Naftogaz $5 Billion for Assets Seized in Crimea

Russia Ordered to Pay Ukraine’s Naftogaz  Billion for Assets Seized in Crimea

Gas company claims ‘key victory’ after Hague-based arbitration court ruling

Naftogaz’s claims for compensation for Crimea assets had previously been disputed by Russia.Photo: STRINGER/REUTERS

By

Jenny Strasburg

Ukrainian state-owned gas giant NJSC Naftogaz said Thursday that a Hague-based international-arbitration panel has ordered Russia to pay the company $5 billion for losses caused by the seizure of assets in the 2014 illegal annexation of Crimea.

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