The court of appeal allowed the Private companies to charge Russia $140 million

The court of appeal of Kyiv accepted the decision of the International court of arbitration of the Hague of may 2, 2018 to recover from the Russian Federation of compensation for the property in the Crimea, ex-head of PrivatBank and 17 companies, kotoryj had assets in Crimea. The court gave the permission to execute the decision and decided to issue the corresponding writ of execution in favor of the plaintiffs. About it reports “Interfax-Ukraine”.

According to the database of court decisions, the appropriate determination of the court made on September 25.

The leaves should be issued on awarded by the Hague Tribunal a total of about $130,5 million in compensation for the property and $9.2 million of compensation expenses for litigation, plus interest on the said amount at the rate of 12-months. LIBOR+1% compound interest annually.

The document stated that the court’s decision can be appealed to the Supreme court within 30 days from the date of Declaration by filing of the appeal.

Recall that on 5 September the court of Appeal of Kyiv upheld the claims of companiesassociated with Igor Kolomoisky and his partners (Prao “AEROBUD”, LLP “Privation”, LLP “Prevalent”, LLP “Everest estate”, TOVO “Broadcasting company “Giz”, LLP “Crimea development”, LLP “AMC “Financial capital”, LLP “AMC “Fiscal vector” and others) and seized the shares of Prominvestbank (which belong to the Russian company “Vnesheconombank”), Sberbank (owned by Russian Sberbank) and VTB Bank (which is owned by Russian Bank VTB).

The court of appeal of Kyiv came to the conclusion that Ukraine really is a property that belongs to the Russian Federation and which can be collected based on the decision of the international court of justice.

We will remind, the interim decisionconcerning the questions of jurisdiction and admissibility, on the claims of PrivatBank and its former owner, Igor Kolomoisky against Russia in connection with the annexation of Crimea to the composition of arbitration International court of arbitration in the Hague ruled in February 2017.

2 may 2018, the Arbitration court made a final decision in favor of the company Kolomoisky. According to Deputy foreign Minister Elena zerkal, according to the court, Russia should pay compensation in the amount of $159 million Igor Kolomoysky estimates its losses in the Crimea at $2 billion.

According to Russian media, the Russian occupation administration in Crimea “nationalized” 87 objects that belonged Kolomoisky and “Privat” group. In the list of objects included the sanatorium “foros”, two children’s recreation complex, housing and recreation complex “Tavria” camping “Niva Yayla” in the village of Mountain near Yalta. Also among the assets was 36 gas station “Ukrtatnafta”, a warehouse of fuels and lubricants in Simferopol and loading of liquefied gas in Kerch.

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