Terkel responded to the statement of the Russian Federation on recognition of the decision of the Hague on the compensation of investor losses due to the occupation of the Crimea
Terkel responded to the statement of the Russian Federation on recognition of the decision of the Hague on the compensation of investor losses due to the occupation of the Crimea
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Investors are entitled to compensation, will apply to the courts of other States parties to the Convention.
Deputy foreign Minister for European integration Olena zerkal has commented on Russia’s refusal to fulfill the decision of the international court of compensation to Ukrainian investors losses due to the occupation of the Crimea.
She wrote about this in Facebook
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According to her, under the Convention on the recognition and enforcement of foreign arbitral awards 1958, Russia as a country-signatory recognizes the obligation of the award.
Videotransit investors won a court of the Russian Federation concerning assets in Crimea
Arbitration permanent court of arbitration in the Hague ruled that Russia must pay compensation to a number of Ukrainian investors for the annexation of Crimea. We are talking about 159 million dollars. The Ministry of justice are confident that this win will help in other cases against Russia.
TSN. 19:30
Yesterday, 20:35
However, in this situation on a voluntary implementation by Russia of this decision, we are not talking, said the mirror.
“The procedural rules of most States around the world provide for the enforcement of decisions”, – she said.
See also:
In “Naftogaz” said that it must be the decision of the Hague for damages for the annexation of Crimea
Investors are entitled to compensation, will apply to the courts of other States parties to the Convention, where there is property of the Russian Federation, which could be recovered as compensation.
“Actors have won in this case, still have to make efforts to obtain these funds. But if you have proper legal support it is a very real fact”, – concluded the diplomat.
We will remind, the Arbitration court in the Hague ruled that Russia must pay compensation to a number of Ukrainian investors for the annexation of Crimea. In this case we are talking about the amount of 159 million dollars.
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