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25 Aug 2023


Russia: Uniper considering all legal options over sale of its assets, including legal action

Uniper considering legal options over sale of assets in Russia, 25 August 2023

Uniper said...that it was considering all legal options over the sale of its assets in Russia.

"In recent months, it has become apparent that the Russian government is unwilling to allow certain companies, including Uniper, to dispose of its investments in Russia," a company spokesperson told Reuters.

"Uniper is examining all options to take legal action against these actions by Russia," the spokesperson added...

Some foreign companies trying to exit Russia are facing a big jump in costs as Moscow is demanding bigger discounts on the price tags of assets they want to sell, three people with knowledge of the matter said.

Uniper said the forced administration of its Russian division Unipro had "deprived Uniper of the fundamental ownership rights to its investment."

The company said it expected a decision in its arbitration proceedings against Russia's Gazprom Export next year.