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Investment treaty awardUnpaid

Tatneft v. Ukraine

Shareholding in the Ukrtatnafta refinery

Headline amount
$112MPrincipal
Respondent
UkraineState
Awarded
Jul 2014
Status
UnpaidNothing collected

Latest development Sep 11, 2026

The U.S. Department of Justice supported Ukraine on national-security grounds on August 28, 2026, and Tatneft replied on September 11, 2026.

The award

Amount awarded
About $112M plus interest
Current estimate
About $172M (U.S. judgment)
Award holder
PAO Tatneft (Russia)
Respondent
Ukraine
Forum
UNCITRAL · Russia–Ukraine BIT · seat Paris

Challenges

The Paris annulment action was rejected. The D.D.C. (1:17-cv-00582) confirmed the award in 2020, the D.C. Circuit affirmed in 2021, and the Supreme Court denied cert on October 3, 2022.

Enforcement

United States: asset discovery was ordered in October 2021. The case has been stayed since March 2022, and the court refused to lift the stay (Tatneft appeal, D.C. Circuit No. 26-7042). Enforcement in England and Russia not verified.

Recovered to date

None reported

Notes

The award creditor is a Russian company and the respondent is Ukraine.