KYIV, Dec 19 – Naftogaz, together with five companies of the Naftogaz Group, has secured an order from the High Court of Justice of England & Wales recognizing its $5 billion final award on damages (including interest) against Russia, as well as the underlying partial award on jurisdiction and liability, on December 5, 2023.

"The Naftogaz Group is one step closer to recovering its losses caused by russia. We are pleased to announce that we have obtained an order recognizing the recent $5 billion Crimea arbitration award in England & Wales. Since russia refuses to pay the amounts owed under the award, we continue to leverage all available mechanisms to recover these funds in target jurisdictions hosting russian assets," said Naftogaz Group CEO Oleksiy Chernyshov.