The state oil company Naftogaz of Ukraine has filed a lawsuit against the Russian Federation to compensate for the assets left over to Crimea, the company said in a statement. At the same time, the press service of Naftogaz reported that independent foreign members of the supervisory board of the state fuel concern Naftogaz of Ukraine are leaving the company due to the lack of reforms and political pressure on its activities.
The statement said that Naftogaz - and its six subsidiaries - are demanding $ 5 billion in compensation from Russia for the losses they have suffered in connection with the annexation of the peninsula. "The losses of the Naftogaz group associated with the occupation of Crimea are currently estimated by experts at $ 5 billion, and a court decision is expected by the end of 2018," the Ukrainian company said.
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Metallurgy news
- 14 March 2026
00:00 US Commerce Department SIMA data shows steel import permits rose 5.2 percent in February. - 13 March 2026
23:00 Grupo SIMEC reports net profit fell 85 percent from 2024 to 2025 20:00 Exports of wire rod from Brazil fell sharply in February despite rising imports, SECEX reports 18:00 Economists oppose €2 billion Dutch government bailout for Tata Steel Nederland 18:00 YUNESID: Steel production in Spain decreased by 24 percent in January 2026 17:00 Shipments of CR steel strips in Japan rose 7.2 percent in January 2026 compared to December 17:00 Ioannis Manessis becomes Chairman of IREPAS News 16:00 SOGAD: Turkey's orders for CR-steel and coated steel from South Korea and China are an important but insufficient step
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