Largest Dutch Shipbuilder Sues Government Over Russia Sanction Losses
- Damen says it ‘suffers damages’ as a result of sanctions
- Dutch company seeking compensation in case against government
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The Netherlands’ largest shipbuilder is suing the Dutch government for losses inflicted on its business by sanctions against Russia, a rare instance of a European company taking its grievances to court over the corporate fallout from the invasion of Ukraine.
Damen Shipyards Group NV is seeking compensation because it “suffers damages” as a result of sanctions, the company’s spokesperson, Rick van de Weg, told Bloomberg. The case hasn’t been publicly disclosed until now.