19:08 Aug. 29, 2016
Russian Federation boycotts court hearings
On August 29, Permanent Court of Arbitration in Hague started reviewing the case of Ukrainian businessman Igor Kolomoisky, PrivatBank, Aeroport Belbek LLC, PJSC Ukrnafta and Stabil JSC against the Russian Federation. The claimants submit that the Russian Federation breached its obligations under the Ukraine-Russia BIT by taking, as of February 2014, measures that deprived the claimants of their property, contractual and other rights to operate a passenger terminal for commercial flights at the Belbek Airport in Crimea.
The court is currently reviewing whether it has jurisdiction in the case and whether assets of claimants in the illegally occupied Crimea constitute an investment. Russian Federation disputes the jurisdiction of the court and does not send its representatives to the court hearings.