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Reuters

Politics

Ukraine's Naftogaz says Russia told to pay $5 billion in arbitration case

Naftogaz Ukraine Russia Crimea The Hague

A general view shows a gas well of Ukraine's state energy company Naftogaz, as Russia's attack on Ukraine continues, in Lviv region, Ukraine October 1, 2022. REUTERS/Pavlo Palamarchuk

Ukraine's state-owned gas company Naftogaz on Thursday said Russia has been ordered by an arbitration court in The Hague to pay $5 billion in compensation for unlawfully expropriating its assets in annexed Crimea in 2014.

Russia, which launched a full-scale invasion of Ukraine in February 2022, seized the peninsula of Crimea from Ukraine in 2014.

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