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Moscow's Arbitration Court holds a hearing for Russia's Central Bank lawsuit against Euroclear, Jan. 16, 2026.
Politics

Outdated treaties leave Ukraine exposed to wave of international arbitration by Russia

by Toby Woodall

As sanctions increasingly weigh on the Russian economy, businesses and tycoons linked to the Kremlin are launching billions of dollars in claims under Cold War–era treaties — opening legal fronts against Ukraine and its Western supporters beyond their own courts. The Ukrainian-born Russian financier Mikhail Fridman is behind five claims and is seeking 16 billion euros in damages over Luxembourg’s freezing of his assets, while a company he co-owns with Pyotr Aven is claiming $1 billion over Ukra

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Outdated treaties leave Ukraine exposed to wave of international arbitration by Russia

As sanctions increasingly weigh on the Russian economy, businesses and tycoons linked to the Kremlin are launching billions of dollars in claims under Cold War–era treaties — opening legal fronts against Ukraine and its Western supporters beyond their own courts. The Ukrainian-born Russian financier Mikhail Fridman is behind five claims and is seeking 16 billion euros in damages over Luxembourg’s freezing of his assets, while a company he co-owns with Pyotr Aven is claiming $1 billion over Ukra

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