Naftogaz v Russia - PCA Case No 2017-16 - Final Award - 12 April 2023

Country
Year

2023

Summary

717. The Tribunal by majority therefore:

(1) Orders the Respondent to pay to the Claimants compensation in the amount of USD 4,222,875,858.81 plus interest on this amount at the rate of 6-month EURIBOR +2% compounded semi-annually from 18 March 2014 until the date of full payment;

(2) Orders the Respondent to pay to the Claimants USD 23,889,036.26 and EUR 882,435.90 in reimbursement of the costs of arbitration, including the Claimants’ reasonable costs of legal representation and assistance, plus interest on these amounts at the rate of 6-month EURIBOR +2% compounded semi-annually from the date of this Final Award until the date of full payment;

(3) Dismisses all other claims, counterclaims, and requests for relief.

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