The Hauge: Energy behemoth Naftogaz of Ukraine announced on Thursday that a tribunal in The Hague had ordered Russia to pay the company $5 billion for the wrongful seizure of its assets in Crimea.

Oleksiy Chernyshov, the chief executive of Naftogaz, claimed that the company had "won a key victory on the energy front" against losses he claimed were brought on by Russia's annexation of the peninsula in 2014.

The arbitration tribunal ordered Russia to reimburse Naftogaz for $5 billion in losses, despite Russia's attempts to obstruct justice, Chernyshov said.
This relates to Russia's 2014 takeover of our assets in Crimea. Now, in accordance with its obligations under international law, Russia must abide by this ruling.

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The tribunal's administrator, the Permanent Court of Arbitration, told AFP that it "has not been provided with any information for public dissemination beyond that made available" on its website.

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There is no record of a judgement on the website, only a history of the case. According to Naftogaz, the case was filed in 2016, and the tribunal handed down its decision on Wednesday.

Following Russia's full-scale invasion of Ukraine in March 2022, hearings to determine the amount of compensation were held to make the decision, according to the statement..

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"The court rejected Russian claims that Naftogaz is not entitled to any compensation for the expropriation of its assets," the energy company added.
More and more, Kiev and Ukrainian businesses are taking cases against Russia to international tribunals.
 Vladimir Putin was given an arrest warrant in March by the International Criminal Court, which is likewise based in The Hague.