London court dismisses Russia's Tatneft against Ukrainian businessmen, lifts arrest of foreign assets

11:33, 09.11.2016 1 min read

The London court has lifted arrest on $380 million worth of assets of Ukrainian businessmen Ihor Kolomoisky and Hennadiy Boholiubov under a claim of Russia's Tatneft on supplies of oil to the Kremenchuk oil refinery, Bloomberg agency has reported.

The court upheld Boholiubov and another businessman Oleksandr Yaroslavsky and dismissed the Tatneft's claim due to the absence of real chances for success in the case.

As reported, Tatneft initiated a legal investigation in England against a number of Ukrainian businessman in a case about oil supplies to the Kremenchuk oil refinery, and is demanding that $334 million in damages and interest be compensated,

Tatneft said that in 2009 these people fraudulently appropriated money due to Tatneft for oil supplied to the Kremenchuk oil refinery.

In April 2016 the London court froze foreign assets of the businessmen.