Oschadbank is the first in Ukraine to enforce an international ruling against Russia

Oschadbank became the first Ukrainian company to obtain a final international arbitration ruling against the Russian Federation and proceed with its enforcement. This involves the recovery of more than $1.1 billion for the expropriation of assets in Crimea. Today's claims total more than $1.3 billion when interest is taken into account. Oschadbank was also the first to initiate legal proceedings aimed at obtaining compensation from Russia for losses incurred since the start of the full-scale invasion.

Oschadbank Supervisory Board member Roza Tapanova spoke about the bank's strategy and role in seeking compensation from Russia for military losses during the Justice Conference in Kyiv, a state-level event organized by the Office of the President of Ukraine and the Ministry of Foreign Affairs of Ukraine with the participation of international human rights partners.

The conference brought together representatives of government agencies, the diplomatic corps, international institutions, the legal community, and business to discuss mechanisms for holding Russia accountable and forming a compensation architecture.

"In the case against Russia, Oschadbank in France has gone through the entire cycle—from the arbitration decision to its recognition and the start of enforcement. This is a complex process, as Russia enjoys sovereign immunity and tries to conceal its assets, but this process has already yielded concrete results," said Roza Tapanova, a member of Oschadbank's Supervisory Board.

In April 2025, France registered the seizure of Russian assets worth over €87 million—the first public example of asset seizure under this ruling. The process of recognizing the Arbitration Tribunal's ruling is also ongoing in the United Kingdom, the United States, Finland, and the Czech Republic.

Separately, on July 24, 2025, Oschadbank initiated new arbitration proceedings regarding losses incurred after February 24, 2022, as a result of the loss of assets and the cessation of activities in the occupied territories. The lack of response from the Russian Federation paves the way for further arbitration proceedings.

"Real reparations are only possible through a combination of arbitration decisions, their effective enforcement, and the creation of an international mechanism for the use of frozen Russian assets. Our case proves that decisions against the Russian Federation can move from legal formulations to real financial consequences. This is an example for similar lawsuits from thousands of Ukrainian private and state-owned companies," emphasized Roza Tapanova.