"NJSC Naftogaz of Ukraine and six companies belonging to the Naftogaz Group … have filed a statement of claim with the tribunal formed under the Permanent Court of Arbitration in The Hague, regarding damages caused by the illegal seizure of the Group's assets in the Autonomous Republic of Crimea. Naftogaz losses as a result of the occupation of Crimea are currently estimated by experts at about $5 billion," the report says.
Read alsoUkraine’s border guards see Russia continuing to extract gas on Ukrainian shelf in Black SeaAccording to Naftogaz, its six subsidiaries, namely Chornomornaftogaz, Ukrtransgaz, state-owned enterprise Likvo, Ukrgazvydobuvannia, Ukrtransnafta, and Gaz Ukraiiny act as plaintiffs.
"The court's ruling in the case is expected to be handed down before the end of 2018," the press service noted.
