Ukraine represented by the Ministry of justice filed an appeal in the case of the recovery of the debt by the Russian company Tatneft of $112 million plus interest after the loss of the assets.

Ukraine has filed an appeal in the case of the Russian "Tatneft"

This is with reference to TASS reports Biznestsentr.

The arbitration court of Stavropol territory on 29 February 2019 has decided to enforce the decision of the International commercial arbitration on the claim of "Tatneft" to recover from Ukraine $144 million in the case of the loss of assets of the Russian company.

"April 12 (submitted) appeal (the defendant) Ukraine represented by the Ministry of justice of Ukraine", - specified in the files of arbitration cases GUS "Justice".

I wrote Biznestsentr, the arbitration court of Stavropol region on Thursday granted the application of "Tatneft" on the recognition and enforcement of a foreign judgment, according to which Ukraine should pay the company $112 million and interest.

In June 2018, the Moscow Arbitration court transferred the claim of Tatneft Ukraine $112 million (plus interest) to the Arbitration court of Stavropol region.

Almost a year before that, the representatives of Ukraine and Tatneft were arguing about the effective jurisdiction of the court, as well as about the presence of Ukraine on the territory of the Russian Federation of the property which may be taken into account in connection with collecting the claim of the Russian oil company.

Tatneft insisted that to pay for the recovery can be part of the building of the cultural center of Ukraine in Moscow, which is used for commercial purposes. In addition, the court was requested to Rosreestr data on real estate of Ukraine on the territory of the Russian Federation, since, according to Tatneft, the country has assets in the Stavropol region.

Representatives of the Ukrainian side, in turn, insisted that the cultural centre in Moscow has diplomatic immunity and therefore cannot be reversed in the recovery.

We will remind, "Tatneft" in April 2017, filed a petition in the Moscow Arbitration court and the High court in London to enforce the decisions of international arbitration of 29 July 2014, according to which Ukraine is obliged to pay the company $144 million for violations of the interstate agreement on protection of investments.

In addition, Tatneft has defended in the British courts the right to re-file in the High court in London to Ukrainian businessmen Gennady Bogolyubov, and Igor Kolomoisky, Alexander Yaroslavsky and Pavel Ovcharenko in the case of oil supplies to the Kremenchug refinery (PJSC "Ukrtatnafta") demanding payment of $334 million in damages and interest. It is expected that the court will consider the claim in 2020.

We will remind, "Tatneft" has launched arbitration proceedings against Ukraine in 2008, in accordance with the Russian-Ukrainian agreement on the encouragement and mutual protection of investments because of the situation around the "Ukrtatnafta".

"Ukrtatnafta" was established in accordance with decrees of presidents of Ukraine and Tatarstan in 1994 on the basis of the Kremenchug refinery. Earlier 18,296% of shares of "Ukrtatnafta" belonged to the structures close to "Tatneft", the Ministry of property of Tatarstan owned 28,7788% of the shares, a further 8.6% of the shares owned directly Tatneft. However, as a result of court proceedings in Ukraine, the share of Tatarstan shareholders refineries were almost zeroed, and the enterprise acquired new shareholders close to group "Privat" Igor Kolomoisky and Gennady Bogolyubov.

In 2014, the arbitration ruled in favor of the "Tatneft" and ordered Ukraine to pay the Russian company a compensation of $112 million plus interest. In the same year, Ukraine has lost appellatio.

At the same time in 2014 "Ukrtatnafta" controlled by Kolomoisky, said that it will compensate to Ukraine expenses associated with payment of the amounts awarded by arbitration. However, at this time, Tatneft seeks recovery of these funds from the Ukraine in the courts of UK, USA and Russia.


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