PCA Holds Russia Violated Treaty In Seizing Naftogaz’s Crimean Assets

(March 5, 2019, 9:06 AM EST) -- THE HAGUE, Netherlands — Ukraine’s national oil and gas company on March 3 said a tribunal for the Permanent Court of Arbitration (PCA) has issued an award, holding that the Russian Federation violated a bilateral investment treaty when it unlawfully expropriated its investments in energy assets in Crimea (NJSC Naftogaz of Ukraine [Ukraine], et al. v. The Russian Federation, No. 2017-16, PCA)....