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Ukrainian firms turn to court over Crimea losses


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By Thomas Escritt AMSTERDAM (Reuters) - Two Ukrainian energy companies have asked a U.N. arbitrator to award them compensation for investments they lost when Russia seized control of the Crimean peninsula, the Permanent Court of Arbitration (PCA) said on Monday. Last year, Igor Kolomoisky, one of Ukraine's richest businessmen, brought a case before the same court seeking some $15 million compensation from Russia for the loss of an airport he owned on the Black Sea peninsula. Russia annexed Crimea in March 2014 after street protests in the Ukrainian capital forced a Moscow-backed president to flee.

 

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