Oschadbank files a new lawsuit against Russia: the case concerns losses in the occupied territories
17 April 20:24
On April 7, 2026, Oschadbank filed a new lawsuit against Russia in international arbitration. This was reported by the financial institution’s press service, according to [Komersant].
The lawsuit concerns the loss of assets and the inability to operate in the occupied territories.
Specifically, this concerns:
- Donetsk,
- Luhansk,
- Kherson,
- Zaporizhzhia regions.
What is the basis for the lawsuit
The dispute was initiated pursuant to:
- the intergovernmental agreement on investment protection between Ukraine and the Russian Federation.
The bank alleges:
- numerous violations by Russia,
- failure to comply with international law.
Back in July 2025, the bank sent an official notice of the dispute to the Russian Federation, but:
- there was no response.
What is known about the losses
The lawsuit refers to:
- significant assets lost due to the occupation,
- the cessation of operations in four regions.
According to Board Chairman Yuriy Katsion:
- the bank’s total claims already exceed $1.3 billion,
- the new lawsuit is the next step toward obtaining compensation.
Current status of the case
Currently:
- the composition of the international arbitration tribunal is being formed,
- the process is proceeding in accordance with the provisions of the bilateral agreement.
Previous victories
This is not the bank’s first arbitration case against Russia.
Previously:
- Oschadbank won a case regarding assets in Crimea—over $1.1 billion,
- with the total amount of claims, including interest, exceeding $1.3 billion.
In 2025:
- The Paris Court of Appeals upheld this decision,
- dismissed the Russian Federation’s appeal,
- and ordered compensation for legal costs.
Also:
- the bank secured the seizure of Russian assets in France worth tens of millions of euros.
What this means
The new lawsuit demonstrates:
- Ukraine’s systematic legal strategy against Russia,
- the use of international mechanisms to recover damages,
- the expansion of claims to other occupied territories.
