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Investment treaty awardUnpaid

Stabil v. Russia

Crimean petrol stations

Headline amount
$34.6MPrincipal
Respondent
RussiaState
Awarded
Apr 12, 2019
Status
UnpaidNothing collected

Latest development 2026

The Supreme Court denied cert, and confirmation is pending in the D.D.C.

The award

Amount awarded
About $34.6M plus compound interest and 75% of costs
Award holder
Stabil LLC and 10 other Ukrainian petrol-station companies
Respondent
Russian Federation
Forum
PCA 2015-35 · Russia–Ukraine BIT · UNCITRAL 1976 · seat Geneva

Challenges

Russia’s Swiss challenges failed.

Enforcement

United States: the D.D.C. (22-cv-983) denied Russia’s motion to dismiss on December 12, 2024. The D.C. Circuit affirmed on February 13, 2026 (167 F.4th 506), and the Supreme Court denied cert in 2026. Confirmation is pending in the D.D.C.

Recovered to date

None reported

Notes

The D.C. Circuit’s ruling is cited on the FSIA arbitration exception in cases against Russia.