July 29, 2025
Oschadbank reported the victory over Russia in the Paris appeal to compensate for the assets lost in Crimea thumbnail
Economy

Oschadbank reported the victory over Russia in the Paris appeal to compensate for the assets lost in Crimea

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

On July 1, the Court of Appeal of Paris rejected the complaint reported July 3.

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.

Related posts

Criteria for enterprises to join Defence City will be eased – Hetmantsev

fxempire com

На кону 60 мільярдів доларів. Через закон про залежність НАБУ і САП Євросоюз зупинив фінансування України

unn

Mykhailo Pinkevych: "Ukrainian aviation shapes the world's perception of Ukraine, and we are obliged to preserve and develop it"

fxempire com

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More