“This decision obliged Russia to compensate for the losses that the bank has suffered from the annexation of Ukrainian Crimea, the bank notes”, – WRITE: www.radiosvoboda.org
This decision has obliged Russia to compensate for the losses that the bank has suffered as a result of the occupation of Ukrainian Crimea, the Bank notes.
“The Court of Appeal also stated that the decision of the arbitration tribunal of Paris of November 26, 2018 is recognized in the territory of France and additionally collected from the Russian Federation, 300 thousand euros of legal expenses,” the statement reads.
The member of the Supervisory Board of the Bank of Rosa Tapanova stated that the amount of losses assigned to the court decision is exceeding $ 1.5 billion, and the court “and in the future will do everything possible to recover this amount with the Russian Federation.”
Board Chairman Sergey Naumov stated that Oschadbank is the first banking institution to win a similar case against Russia.
“We consider our progress in this case to be a guarantee that gives many Ukrainian businesses to achieve justice for compensation for losses from Russian invasion of Ukraine,” he added.
At the same time, the Deputy Chairman of the Board Arsen Milyutin said that the Bank is aware that the Russian Federation “never voluntarily enforce the court decision, and are tuned to a long struggle”:
“In addition, we continue to collect reasoned evidence to obtain compensation from the aggressor for new losses caused during the active phase of war, which began in 2022.”
November 26, 2018 arbitration tribunal in Paris made a decision in favor of the Ukrainian State Bank – to recover from the Russian Federation the losses suffered by the bank as a result of the occupation of Crimea in the amount of $ 1.3 billion.
