Politics

The Hague Arbitration Court recognizes Russia’s obligations to protect Ukrainian investors in Crimea after annexation


Russian forces pose as they block the Ukrainian unit in Perevalnoye, not far from Simferopol, on March 5, 2014.

Photo by AFP

Russia must bear responsibility for protecting Ukrainian investors in Crimea after its annexation under the Russian-Ukrainian bilateral investment treaty.

The Permanent Court of Arbitration in The Hague issued a relevant ruling, Luke Eric Peterson wrote in the Investment Arbitration Reporter.

Earlier, the Permanent Court of Arbitration in The Hague issued an Interim Award concerning certain issues of jurisdiction and admissibility in the lawsuit by PrivatBank and its former owner Ihor Kolomoisky against Russia in connection with the annexation of Crimea.

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