KYIV, April 16 – The International Court of Arbitration (Geneva) has ordered to pay $44.4 million by the Russian Federation in favor of public joint-stock company Ukrnafta as compensation for the seizure of the company's assets in annexed Crimea.

"By an arbitral award dated 12 April 2019, the Russian Federation has been ordered to pay Ukrnafta $44.4 million in compensation for expropriation of property of PJSC Ukrnafta in the Autonomous Republic of Crimea annexed by the Russian Federation," the company said in a report.