Energoatom demands compensation from Russia for occupation of ZNPP

The state NPP operator wants Russia to pay compensation for expropriating investments in energy facilities in Zaporizhzhya Oblast, including the Zaporizhzhya Nuclear Power Plant, the largest such facility in Europe.

Energoatom served the notice of dispute to Russian representatives in March 2023.

Read also: Energoatom relaunching Ukraine-Poland power line

The written notice refers to the enormous damage caused to Energoatom by the aggressor state, which requires compensation.

Read also: Two Russian cruise missiles fly dangerously close to South Ukrainian NPP – Energoatom

Should Russia not resolve the situation, Energoatom will submit the dispute to international arbitration.

Legal support was provided by international legal advisor Shearman & Sterling LLP. The law firm has experience in similar cases against Russia and is familiar with resolving complex investment arbitration disputes.

Zaporizhzhya NPP has been under Russian occupation since March 2022.

State-owned Energoatom recorded UAH 3.31 billion ($89.6 million) in net losses in 2022.

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Read the original article on The New Voice of Ukraine