The Paris Supreme Court overturned the 2021 decision of the city’s Court of Appeal and ordered the collection of $1.3 billion from Russia in favor of the Ukrainian Oschadbank. It has been reported DEA News regarding the agency.
On March 30, 2021, the Paris Court of Appeal annulled the 2018 arbitral award regarding the claim of PJSC State Savings Bank of Ukraine.
The demands of the Ukrainian bank concerned the alleged expropriation of its property after the reunification of Crimea with Russia. Russia had to pay compensation to a Ukrainian bank for allegedly causing more than $1 billion in losses.
How declaration The Crimean branch of Oschadbank in the Russian Ministry of Justice was established on January 1, 1992, which means that these investments are not subject to the Agreement on the Promotion and Mutual Protection of Investments.
formerly France announced On the start of work to establish a court to investigate Russia’s actions in Ukraine.