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
- 15 October 2025
19:00 Kametstal begins a major overhaul of the 400/200 rolling mill to improve efficiency 18:00 Bekaert and IKK Mateenbar partner to develop hybrid reinforcement systems for sustainable construction 18:00 Russia's Severstal has opened a new production facility in Orel 18:00 Production of lead and zinc will exceed demand in the next two years - ilzsg 17:00 Resonac Graphite and Hydnum Steel to improve efficiency and sustainability in steel production 17:00 The Japanese company Tetsusho is expanding its presence in Asia, opening new subsidiaries in India, Vietnam and Bangladesh. 17:00 Draft resolution of the Russian Ministry of Finance aimed at supporting ferrous metallurgy enterprises in difficult financial conditions 16:00 IMF raises global economic growth forecast to 3.2% for 2025, warns of protectionist risks
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