Latest development Feb 24, 2026
The Hague Court of Appeal upheld the attachment of Gazprom assets.
The award
- Amount awarded
- $207.8M plus interest and costs
- Current estimate
- More than $300M with interest (DTEK, February 2026)
- Award holder
- DTEK Krymenergo (Akhmetov group)
- Respondent
- Russian Federation
- Forum
- PCA 2018-41 · Russia–Ukraine BIT · UNCITRAL · seat The Hague
Challenges
Russia’s set-aside action in the Hague Court of Appeal (filed February 1, 2024) is pending.
Enforcement
Netherlands: exequatur on December 1, 2023. On July 21, 2025, DTEK attached Gazprom International’s 50% stake in Wintershall Noordzee B.V. and South Stream Transport accounts, arguing that Gazprom is Russia’s alter ego. Requests to lift the attachment were refused (September 5, 2025, and the Hague Court of Appeal on February 24, 2026). The alter-ego case on the merits has been pending since October 2, 2025. United States: the D.D.C. (23-cv-3330) denied Russia’s motion to dismiss on April 17, 2025, and the D.C. Circuit affirmed on February 13, 2026. England, the Czech Republic and Israel: proceedings reported, not verified.
Recovered to date
None reported
Notes
Whether Gazprom assets can answer for Russia’s debts is contested and pending in the Dutch courts.