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Putin v. Poroshenko: European Court Claims Near $100 Billion

  • Russia sues over bond, gas, while Ukraine sues over Crimea
  • `It's a new phase of the standoff,' Teneo's Dhand says
Russian president Vladimir Putin,

Russian president Vladimir Putin,

Photographer: mitry Azarov/Kommersant Photo via Getty Images
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Ukraine’s war with pro-Russian rebels may be frozen but the legal battle between Vladimir Putin and Petro Poroshenko is just heating up.

The $3 billion lawsuit Russia filed against Ukraine in London last week over a bond default is just a fraction of the $63 billion Ukraine is seeking in lawsuits and other legal claims from Stockholm to The Hague over Putin’s annexation of Crimea. Russian gas exporter Gazprom PJSC, meanwhile, is demanding about $32 billion in unpaid bills, pushing total claims from both sides to almost $100 billion.