"If Ukraine is able to prove within the framework of the initiated dispute with Russia on Moscow's violation of the UN Convention on the Law of the Sea that the case falls under the international arbitration's jurisdiction, then the question will arise for Ukraine to prove damage caused by Russia's occupation of Crimea," Deputy Foreign Minister for European Integration Olena Zerkal told Channel 5, Censor.NET reports citing UNIAN.
"We have already begun to prove the damage. This work is ongoing because the damage volume never stops growing while Russia continues violating our rights. Therefore, we declared the damage, but reserved the right to calculate all losses associated with the usurpation of Ukraine's rights at the final stage of the litigation," Zerkal said.
However, the official did not name the extent of damage that Russia inflicted on Ukraine as a result of the seizure of Crimea. According to Zerkal, she will not "speculate on billions." According to her, Ukraine has been losing about 2 billion cubic meters of gas annually on gas extraction alone. Moreover, there is potential income lost from wells where Ukraine had only been planning to start producing gas. "We also planned to conclude agreements on the distribution of products with Exxon Mobile," Zerkal said.
The total amount will be "fairly large," according to the deputy minister.
On Feb. 19, 2018, Ukraine filed a memorandum in arbitration proceedings against the Russian Federation under the 1982 United Nations Convention on the Law of the Sea ("UNCLOS") . Since 2014, Russia has unlawfully excluded Ukraine from exercising its maritime rights; it has exploited Ukraine's sovereign resources for its own needs; and it has usurped Ukraine's right to operate within its own maritime areas. The document submitted by Ukraine on Feb. 19 contains all the details regarding its claim and legal grounds. The Russian side has three months to prepare its objections. Ukraine's Foreign Ministry expects a final decision by the International Tribunal on the UNCLOS violations by Russia no earlier than 2021.