Ukrhydroenergo estimates losses from russian attacks at more than €3 billion

admin March 21, 2024
Press service of Ukrhydroenergo

Ukrhydroenergo's losses from the russian army's terrorist attack on the Kakhovka HPP, which caused extensive damage, exceed EUR 2.5 billion. Another €500 million in damage was caused by rocket attacks and drone attacks on the company's stations.


This was stated by Yulia Tolchinina-Burunska, Director of the Legal Department at Ukrhydroenergo, during her speech at the panel "Energy Trends and Disputes in the Current Geopolitical and Energy Transition Context" at the Paris Arbitration Week conference.
Ukrhydroenergo is developing a high-level litigation and arbitration strategy to recover damages and hold the russian side accountable for the targeted attacks on the company's infrastructure and assets.
Ms Tolchinina-Burunska also noted that no employees were injured in the attacks due to the company's security policy. At the same time, she expressed concern about the lack of effective international mechanisms that would allow the Russian Federation to be held accountable and to secure compensation for damages.

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