Russian Federation

The state in northern Eurasia, a federal mixed republic, the capital is Moscow. Russia is the largest country in the world, covering more than one-eighth of the Earth's land area and the ninth most populous.


The modern state was formed on December 25, 1991, as a result of the collapse of the USSR. Russia is one of the five recognized nuclear powers with the largest stockpile of weapons of mass destruction. Russia is a permanent member of the UN Security Council, a member of the G20, the Council of Europe, the Asia-Pacific Economic Cooperation, the Shanghai Cooperation Organization, the Eurasian Economic Community, the Organization for Security and Cooperation in Europe (OSCE), World Trade Organization and a leading member of the Commonwealth of Independent States.

According to the Constitution, the Russian Federation consists of 85 entities (including the occupied Ukrainian territories: Crimea and Sevastopol), 46 of which are called regions, 22 - republics, 9 - territories, 3 - cities of federal importance, 4 - autonomous districts and 1 - autonomous region.



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International Chamber of Commerce

PJSC “State Savings Bank of Ukraine” versus The Russian Federation

An arbitration against the Russian Federation referring to the fact of expropriation the bank's assets in Crimea. On 26 November 2018, the Permanent Court of Arbitration granted its award in the case Oschadbank v. the Russian Federation. In its award, the Tribunal stated that it had the jurisdiction to consider the dispute and found that the Russian Federation had illegally expropriated Oschadbank's assets in Crimea, violating its rights as an investor, and awarded the compensation in the amount of USD 1.3 billion plus interest, which shall be accrued until the execution of the award. The award is final.

International Court of Justice

NJSC Naftogaz of Ukraine et al. versus The Russian Federation

An arbitration proceeding against the Russian Federation under the Agreement between the Cabinet of Ministers of Ukraine and the Government of the Russian Federation on the Encouragement and Mutual Protection of Investments. In its application, Naftogaz complains on violation of its rights under the above Agreement in connection with the expropriation of its assets and the assets of its subsidiaries in Crimea.


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