Russia punished for a billion dollars for the annexation of Crimea

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Photo: Natalia Seliverstova / RIA Novosti

The arbitration court in Paris upheld the claim of the Ukrainian savings Bank for the recovery of $ 1.3 billion with Russia as compensation for the annexation of Crimea, reports “Interfax” with reference to the court.

It is noted that Moscow will be obliged to additionally pay the interest calculated from the date of the judgment until its full execution.

The lawsuit was filed Oschadbank in the summer of 2015. It talked about the loss of the credit institution’s assets due to the depreciation of the Crimean issued loans. The Bank was forced to damasgate under these provisions, which resulted in additional costs resulted in a net loss for 2014 of $ 8.5 billion hryvnia (27,2 billion rubles at the then exchange rate) against 678,7 million (2.1 billion) profit a year earlier.

Oschadbank in the lawsuit referred to in the intergovernmental agreement of Russia and Ukraine and mutual protection of investments of 1998 and the rules of the UN Commission on international trade law of 1976.

Video, photo All from Russia.

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