Finnish court orders Russian asset seizure under Naftogaz arbitration award

A Finnish court has ordered the seizure of Russian assets in Finland valued at tens of millions of dollars following a petition from Ukraine’s Naftogaz, the state-owned gas company said Oct. 28. Naftogaz is currently looking to enforce a $5 billion arbitration award made in its favor in April 2023 by an arbitration court in The Hague for losses caused…A Finnish court has ordered the seizure of Russian assets in Finland valued at tens of millions of dollars following a petition from Ukraine’s Naftogaz, the state-owned gas company said Oct. 28. Naftogaz is currently looking to enforce a $5 billion arbitration award made in its favor in April 2023 by an arbitration court in The Hague for losses caused…Read More