The Permanent Court of Arbitration in Hague, the Netherlands, has ruled that Russia should compensate Ukrainian oil monopoly Naftogaz for the assets the company has lost control of since the start of Russia’s occupation of the Ukrainian territory of Crimea in 2014, the CEO of Naftogaz said at a press conference on March 1

“We were able to prove that Russia, as a state, is responsible for the loss of our assets in Crimea and must answer for it. This means providing compensation,” Andriy Kobolyev said.