Russian annexation of Crimea: Ukraine's state-owned bank sues Russia

17:26 Aug. 26, 2016

Ukraine's state-owned bank sues Russia


State-owned Oshchadbank files lawsuit against Russia for property losses in occupied Crimea

Bank officials have already sent all the documents and proofs to the arbitration tribunal. They are going to inform about every step in this complicated judicial process

The last hearing is scheduled at March 2017. Oshchadbank wants Russian Federation to compensate not only the seized property but also lost investments ad not received payments.

See also Russia launches criminal investigation against Ukraine's military leadership

Chairman of the Oshchadbank Board Andriy Pyshny informed, that the Tribunal didn't agree to split the process on two parts on Kremlin's demand, and is going to accelerate the final hearing if Russia will insist on its decision to refuse sending its representatives to the international tribunal.

"Currently Oshchadbank is carefully preparing to defend its claims to the Russian Federation before the Tribunal. The next procedural step is a hearing on the merits in court meeting," – Pyshny sressed

Also this week CAS dismissed Russian appeal against Paralympic ban.

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