Naftogaz formally notified Russia of investment dispute over group’s investments in Crimea

Naftogaz of Ukraine provided the Russian Federation with formal written notification of an investment dispute under the bilateral investment treaty between Russia and Ukraine.

Naftogaz of Ukraine provided the Russian Federation with formal written notification of an investment dispute under the bilateral investment treaty between Russia and Ukraine.

The dispute arises from the Russian Federation’s unlawful seizure of Naftogaz’s investments in Crimea.

In accordance with the terms of the treaty, Naftogaz has requested consultations and negotiations with representatives of the Russian Federation in an effort to reach resolution of the dispute. If the dispute cannot be settled, Naftogaz intends to submit the dispute to arbitration.


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