Ukraine is ready for conclusion of a free trade agreement with the United Kingdom and for economic cooperation in the face of hard Brexit.
While the geopolitical tensions remain, the legal landscape continues to evolve. It seems likely that more claims will be brought in each direction.
The Supreme Court of Russia denied a motion lodged by Ukraine demanding reconsideration of a ruling in Ukraine’s $112 million dispute with Russia’s Tatneft oil company.
PrivatBank commenced the arbitration on April 13, 2015, for breaches of the Russian Federation’s obligations towards PrivatBank’s assets in Crimea.
The energy company Ukrenergo submitted claims in a dispute with Russia to the arbitration court regarding the illegal seizure of the company’s infrastructure in the annexed Crimea.
Ukraine and Israel have agreed to start to work on the expansion of the free trade agreement to cover services.
Ukraine and Turkey are considering a free trade agreement that could see two-way commerce more than double to $10 billion yearly, a statement says on the Ukrainian presidential website.
Ukraine’s state energy group Naftogaz has asked the Hague Permanent Court of Arbitration to force the Russian Federation to pay the Ukrainian company $5.2 billion compensation for assets lost in annexed Crimea.
Ukraine and Canada will work on deepening economic cooperation and expansion of the bilateral free trade agreement to the sphere of services and investments, Ukrainian President Volodymyr Zelensky has said.
The export procedures of Ukrainian poultry producer MHP have proved controversial. The EU has responded by changing its quotas for duty-free imports of chicken meat from Ukraine — but there may be further consequences.
The free trade agreement between Ukraine and Turkey is 99% ready.
"The agreement is 99% ready. Some details have left that influence the numbers," Deputy Foreign Minister of Ukraine Vasyl Bodnar said in an interview with the Ukrainian Radio, answering a question about the readiness of the FTA with Turkey.
Russia refuses to recognize the decision by the Hague arbitration court on Ukraine’s Naftogaz claims over allegedly lost assets in Crimea as the court does not have any legal authority to settle such cases, the Russian Justice Ministry said.
The Permanent Court of Arbitration has announced a partial arbitration decision in favor of PrivatBank and against Russia. The question of the amount of compensation is left for the next stage of the arbitration proceedings.
The expectation is that this deal will bring trade between the two countries to over $1 billion within five years.
The Ukrainian Supreme Court refused recognition and enforcement of the emergency award in Ukraine, based on the grounds that enforcement of the emergency award would be contrary to the public policy of Ukraine
Ukraine’s Oschadbank has been awarded $1.3 billion by an international arbitration court in respect of the bank’s claims against Russia to compensate for loss of business and assets in Crimea following Moscow’s annexation of the peninsula in 2014.
Ukrainian and Chinese officials began preliminary talks on a possible, future Ukraine-China free trade agreement.
Ukraine and Israel are planning to sign a free trade agreement (FTA) this year, Ukrainian First Deputy Prime Minister Stepan Kubiv said.
The move followed a ruling of the Permanent Court of Arbitration that the Russian government must compensate almost two dozen Ukrainian companies for their losses incurred from the illegal annexation of Crimea in 2014.
The United Kingdom is ready to talks with Ukraine on the bilateral free trade agreement that would regulate trade and economic relations after Brexit.