Russia ignores Dutch court verdict on Naftogaz case
Staff Writer | March 2, 2019
Russia disowned the verdict of a Dutch court on the payment of a multimillion-dollar compensation to the Ukrainian company Naftogaz for alleged losses, after its move to Russian sovereignty over Crimea.Article continues below
The presentation of a lawsuit against Naftogaz before a court in The Hague does not have any validity, as that court has no jurisdiction to analyze the aforementioned complaint, clarified the Russian Ministry of Justice.
Director of Naftogaz, Yuri Vitrienko, estimated that the losses due to the entry of Crimea into the Russian Federation were of about five billion dollars and another three billion dollars would represent the interests.
The company in charge of managing gas pipelines, national oil and gas extraction, as well as buying fuel in Ukraine, won another lawsuit in a European court against Russian company Gazprom for two thousand 500 million dollars.
Gazprom questioned the decision of a court in Strasbourg, where Naftogaz initially went to complain about an unfair price asked by the Russian company, which required it to pay a debt of three billion dollars.
At the end of the mutual lawsuits, the court demanded payments from both parties, in which Gazprom had to pay two thousand 500 million dollars more than it had demanded from Naftogaz, despite the fact that this was originally the debtor. ■ What to read next
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