“Sberbank” has lost assets after the annexation of Crimea
Photo: Oschadbank / Facebook (archive)
Russia refuses to accept the decision of the Arbitration court of Paris for the recovery of $1.3 billion compensation “Oschadbank” caused by the annexation of the Crimea. About the Ministry of justice of Russia told RBC.
According to representatives of the Russian authorities, arbitration is not the appropriate jurisdiction.
The justice Ministry has promised to “take all necessary measures” to protect in this story of Russia’s interests.
Nov 26 Arbitration court of Paris upheld the claim for compensation of losses “Oschadbank” caused by the annexation of the Crimea. The amount of recovery amounted to $1.3 billion.
The amount of the claim of “Oschadbank” with all applications made more than 30 thousand sheets.
In July 2015, the Bank sent a formal written notice to authorized representatives of the Russian Federation on claims in connection with the illegal use of investment financial institutions in occupied Crimea. In January 2016, the Ukrainian Bank has initiated arbitration proceedings. A hearing was held in March 2017.