Date: 5 months ago   Category: Finance

VEB has begun an investment dispute with Ukraine in connection with arrest of stocks of Prominvestbank — Rambler News Service


Photo: RIA the News/stringer Vnesheconombank (VEB) initiated in the international arbitration an investment dispute with Ukraine which subject will be a collecting from Kiev of compensation for illegal expropriation of investments and for violation of standards of protection of the rights of the investor, RIA Novosti with reference to the senior vice-president, the head of legal directorate of VEB Igor Krasnov reports. "VEB has made the decision to initiate an investment dispute in the international arbitration in which Ukraine as the state will act as the defendant. A subject of the claim will be collecting by VEB from Ukraine compensation for violation of standards of protection of the rights of the investor provided by the agreement by her and also for illegal expropriation of investments of VEB" — Krasnov has told. According to him, the direction to Ukraine of the written notice of an investment dispute and in case the dispute isn't resolved through negotiations, then he is subject to consideration at arbitration institute of chamber of commerce of Stockholm became the first procedural step. "The bank is ready to use all tools provided by both the Russian, and international law for protection of the rights and legitimate interests of VEB" — Krasnov has added. Earlier it became known that the Court of Appeal of Kiev has arrested on September 5 stocks of Prominvestbank (Ukrainian "subsidiary" of VEB) and Ukrainian "subsidiaries" of Sberbank and VTB (all — Kiev). Has been seized in the claim of a number of the companies which connect with the Ukrainian businessman Igor Kolomoysky. A claim is submitted in pursuance of the decision of Arbitration court of the Hague of May 2 on collecting from Russia of compensation for the real estate "selected" in the Crimea.

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