WASHINGTON (AP) — Supreme Court upholds Russian oil company in multimillion-dollar dispute with Ukraine, company wins As Russia continues its war in Ukraine.
A judge said Monday he would not intervene in the dispute between one of Russia’s largest oil companies, PAO Tatneft, and Ukraine. The lawsuit continues in a US lower court that has sided with the company and has refused to dismiss the lawsuit.
As usual, the High Court did not comment on the matter, only saying it would not hear it. The dispute is one of many that the court said it will not hear on Monday.Monday is first day in court after summer vacation.
The lawsuits dismissed by the court date back to the late 1990s and early 2000s and involve Ukraine’s largest oil refinery, the Kremenchuk Oil Refinery. Destroyed by Russia in AprilThe refinery was initially half-owned by Ukraine and half-owned by Tatneft and the oil-rich Tatarstan region of Russia. A dispute between the parties led to arbitration, and Ukraine ordered him to pay $112 million plus interest in 2014.
Tatneft tried to use US courts to seek compensation, but Ukraine claims the US had nothing to do with the case. Ukrainian lawyers say Tatneft should have access to Ukrainian courts, which, despite the war, will “remain open and give fair consideration to Tatneft’s request for redress.”
The case is Ukraine vs PAO Tatneft, 22-19.