In response, Tatneft requested negotiations to resolve this issue under Article 9(1) of the Russia-Ukraine Bilateral Investment Treaty (“BIT”). After five months of apparently fruitless negotiation, Tatneft turned to arbitration in 2008, claiming that Ukraine had failed to protect Russian investors under the BIT. Id. In 2014, the arbitration tribunal found in Tatneft's favor and ordered Ukraine to pay $112 million plus interest. Id. at 4-5.
Tatneft, meanwhile, moved to enforce its award. In March 2017, it filed a Petition to Confirm Arbitral Award in the District Court for the District of Columbia. Id at 6. That petition was granted on August 24, 2020. Id. at 23. Ukraine appealed, and the parties concurrently calculated the proposed judgment. PAO Tatneft I, ECF No. 75 at 2.
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