Swiss court orders Russia to pay damages to Ukrainian firms – media

01:39, 11 January 2020
Economy
794 0
REUTERS

In two decisions published on Thursday, January 9, the court rejected the appeals of the Russian state against the rulings made in a Geneva court last April, Swissinfo said.

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Russia claimed that the Geneva body was not fit to rule on the case, since doing so amounted to making a de facto ruling on the status of Crimea.

It also claimed that the argument made by the Ukrainian firms, who said they should have been shielded by a 1998 Russia-Ukraine investment protection agreement, was not applicable.

According to the supreme court, however, the competence of the Geneva judges is not in question. This had already been confirmed by a previous hearing in October 2018, a hearing which also dismissed the Russian argument about the 1998 agreement.

The fines relate to a dozen businesses.

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