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Ukrainian Ihor Kolomoisky Sues Russia Over Annexed Crimea Airport

Igor Kolomoisky

 

A Ukrainian businessman has filed a complaint against Russia in The Hague, saying he was unfairly deprived of his right to operate a passenger airport in Crimea after Russia annexed the peninsula in March 2014.

The Permanent Court of Arbitration said on Wednesday that it had agreed to consider the case, which was brought a year ago by Ihor Kolomoisky, one of Ukraine’s richest men, and Aeroport Belbek LLC, against the Russian Federation.

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Kolomoisky’s company held a contract to operate a passenger terminal at Crimea’s Sevastopol International Airport until 2020. He wants Russia to compensate him for income lost after he was deprived of use of the facility.

Kolomoisky has estimated his losses linked to the airport, near Belbek in Crimea, at $15 million, according to Ukrainian media reports. The claimants say Russia breached a bilateral investment treaty with Ukraine.

Co-founder of the banking chain Privatbank, Kolomoisky has interests in energy, media, aviation and metals.

While governor of the industrial Dnipropetrovsk region, he took firm action against pro-Russian separatism, arming and financing local militia groups and volunteer battalions.

Moscow says the court has no jurisdiction over the matter and that it will not participate in proceedings, according to a statement by the court. The court will now decide if it does have jurisdiction to hear the merits of the case.

The court of arbitration, most of whose proceedings are held in closed session, first made the case public on Wednesday. In 2014, it made a $50 billion award against the Kremlin to compensate former shareholders in defunct oil company Yukos.

It is currently hearing proceedings brought against China by several of its South East Asian neighbors over the geopolitically sensitive South China Sea dispute.

This article was first published at Voice of America News

 

READ MORE: Ihor Kolomoisky

IGOR KOLOMOISKY,   BILLIONAIRE AND GOVERNOR OF THE DNIPROPETROVSK REGION SPEAKS DURING AN INTERVIEW IN DNIPROPETROVSK

Igor Kolomoisky, the Ukrainian tycoon and ex-governor of the country’s Dnepropetrovsk region, has responded to the accusations of the Odessa region’s governor Mikheil Saakashvili, calling him a “snapping More…

 

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Petro Poroshenko has forced the resignation of Dnepropetrovsk governor, Igor Kolomoisky. A standoff between Kolomoisky’s private army and government forces at a publicly and privately owned oil company More…
IGOR KOLOMOISKY,   BILLIONAIRE AND GOVERNOR OF THE DNIPROPETROVSK REGION SPEAKS DURING AN INTERVIEW IN DNIPROPETROVSK

Jewish billionaire businessman Igor Kolomoisky, one of the most powerful men in the Ukraine, is calling for nationalizing the country industrial assets, claiming that their privatization was a criminal conspiracy More…

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Igor Kolomoisky’s PrivatBank owes Crimean clients over 10.2 billion rubles or $232 million, according to Russian Legal Information Legacy. The bank has refused to honor its contracts that depositors get their More…

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Billionaire governor of Dnepropetrovsk Igor Kolomoysky has been ordered by the Ukrainian government to have his private army lay down its arms during a stand off at the national oil company, as reported More…

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Ukrainian Jewish billionaire businessman Igor Kolomoisky, now the governor of the Dnepropetrovsk region, is reported to have barricaded himself inside the headquarters of Ukrainian oil and gas company Ukrnafta More…

 

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