- September 15, 2025
- 12:58 pm
- Brief news
September 15, 2025
The Hague Court Upholds Seizure of Gazprom’s Assets
The District Court of The Hague confirmed the seizure of assets of Gazprom International Limited. The appeal request was denied, reports DTEK via Interfax-Ukraine.
History of the Conflict
The reasons for the asset seizure are related to the expropriation that occurred after the occupation of Crimea in 2014. As a result, Russia seized all assets of the company DTEK Krymenergo, which was responsible for the distribution and supply of electricity on the peninsula.
Claim in International Arbitration
The company DTEK Krymenergo appealed to the international arbitration court in The Hague in 2017. It demanded compensation for damages caused by the illegal expropriation. In 2023, the court satisfied the claim and ordered Russia to pay about $267 million, including interest that will accrue until full payment.
Enforcement Measures
Amid Russia’s refusal to comply with the court’s decision and pay damages, DTEK initiated enforcement procedures in countries where Russian assets are located. Such measures are being implemented in the USA, UK, Netherlands, Czech Republic, and Israel. Work on enforcement continues in other jurisdictions.
Gazprom’s Problems with Selling Shares
In addition to legal complications, Gazprom faced difficulties in selling 50% of the shares of Wintershall Noordzee. The deal is being delayed due to the decision of the Hague court.
About Wintershall Noordzee
Wintershall Noordzee B.V. has been engaged in the exploration and production of natural gas in the North Sea since 1965. Initially, the company was a subsidiary of the German Wintershall Dea. Gazprom became a shareholder in 2015 as part of an asset swap with Wintershall Dea.