Oschadbank has won in the International Arbitration Court a $1.3 bln compensation of losses caused by the annexation of Crimea from the Russian Federation, the Ukrainian state savings bank said in a statement. 
The amount of compensation will be $1.3 bln – precisely as much as Oschadbank demanded. Also, Russia will have to pay the interest accrued from the moment the decision is made until the moment of actual compensation.
“The Bank will actively pursue the implementation of the arbitral decision concerning the Russian assets in relevant jurisdictions throughout the world,” the Ukrainian company said.
Oschadbank is the second largest bank in Ukraine and the largest state bank, established through a reorganization of branches of the former Savings Bank of the USSR (Oschadbank is the Ukrainian for savings bank, the same as Sberbank in Russian).
As Invest Foresight reported, Ukrainian oligarch Ihor Kolomoisky had earlier won a claim to arrest the shares of Ukrainian subsidiaries of state-owned Russian banks, Sberbank, VTB and Vnesheconombank. Kolomoisky went to court over the property that he lost in Crimea as a result of its annexation in 2014. According to experts, the total amount of Ukrainian companies’ claims over their Crimean assets is about $ 7 billion.