Ukrainian Energy Companies Sue Russia in US Over Crimea Judgment

A lawyer for the companies said the freezing of Russian assets as part of recent U.S. sanctions could offer a chance for his clients to collect.

Jacqueline Thomsen, Reuters

A coalition of Ukrainian companies want a U.S. federal court to order Russia to pay a nearly $35 million foreign judgment, with the hope they can eventually access some of the country's assets in the United States.

The 11 companies said on April 9 in a petition in Washington, D.C., federal court that they operated gas stations and an office in Crimea that were seized by Russia in 2014. Swiss arbitrators awarded them $34.5 million in 2019, according to court papers.

A lawyer for the companies, James Boykin, said the freezing of Russian assets as part of recent U.S. sanctions could offer a chance for his clients to collect.

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