Ukrainian Oil Company Sues To Enforce $5B Award Against Russia

(June 26, 2023, 10:47 AM EDT) -- WASHINGTON, D.C. — A Ukrainian state-owned oil company and five of its subsidiaries filed a petition in District of Columbia federal court to confirm a Permanent Court of Arbitration (PCA) tribunal’s award worth roughly $5 billion against the Russian Federation representing the lost value of gas and oil assets seized after Russia annexed Crimea in 2014....