14:41 07.07.2017

Tatneft trying to collect $144 mln from Ukraine in Ukrtatnafta case in U.S., UK

Tatneft trying to collect $144 mln from Ukraine in Ukrtatnafta case in U.S., UK

Russia's Tatneft has filed claims to U.S., British and Russian courts seeking to collect $144 million from Ukraine in the Ukrtatnafta case, the press service of Ukraine's Ministry of Justice has reported.

"Despite the fact that the case appealing the decision of the ad hoc arbitration tribunal is now being heard by the Court of Cassation of France, OAO Tatneft applied for recognition and enforcement of the arbitration award in three foreign jurisdictions: the Russian Federation, the United States and Britain," the ministry said.

The Ministry of Justice said that the attempt to collect in the Russian Federation failed. The Moscow Arbitration Court refused to accept the statement of Tatneft, recognizing that it has no effective jurisdiction in this case.

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