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Ukraine intends to recover UAH 1 bln in recourse from Russian owners of Lysychansk oil refinery

Ukraine intends to recover UAH 1 bln in recourse from Russian owners of Lysychansk oil refinery

The Ministry of Justice of Ukraine intends to recover almost UAH 1 billion from the Russian owners of Lysychansk oil refinery as recourse on the lawsuit of Agrocomplex company lost in the European Court of Human Rights (ECHR), Ministry of Justice Pavlo Petrenko has said in an interview with Interfax-Ukraine.

“Next week a big claim from Ukraine will be in Ukrainian court against the company with the owners from the Russian Federation on recovering UAH 1 billion in recourse,” he said.

Petrenko said the matter concerns the events of the mid 1990s-early 2000s, when a large array of objects, including the oil refinery, was seized through the judicial system and the influence of executive authorities on it, after which the affected company has been suing for more than ten years in the ECHR and won the dispute against Ukraine.

“We have been preparing an evidentiary base for a year, and we are composing a lawsuit against the company, which currently owns part of those facilities that were expropriated. It turned out that this company is managed by Russians,” Petrenko summarized.

The minister did not specify which company will be sued, although in an interview published in the Business Capital (Dilova Stolytsia) edition on November 20 the minister said the defendant was Rosneft.

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