DTEK: The International Arbitral Tribunal seated in the Hague has ordered Russia to pay DTEK $267 million in damages for the seizure of company assets in illegally occupied Crimea. The lawsuit, first filed in 2017, relates to the seizure of the Group's DTEK Krymenergo business, an energy distribution and supply company. russia seized the assets following the occupation of Crimea in 2014.
DTEK intends to initiate the process for recognition and enforcement of the award in countries where russian assets are located without delay. The award is enforceable under the 1958 New York Convention.
The court's award shall include interest and legal costs up to the date of the award. Interest accrues until the aggressor state has paid the full amount of damages.