Finnish court orders seizure of Russian assets worth millions for $5B Naftogaz arbitration award over Crimea invasion.
Ukrainian company Naftogaz has successfully secured a Finnish court order to seize tens of millions of dollars worth of Russian assets, including real estate, as part of efforts to enforce a $5 billion arbitration award for property expropriated during Russia's 2014 Crimea invasion. This marks the first successful asset seizure outside Ukraine for such claims. Naftogaz continues to pursue enforcement in other countries as interest on the unpaid award accrues.
October 27, 2024
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