Russian Company Pays Largest Legal Award In History — Almost $2 Billion — For Devastating Arctic Fuel Spill

File Photos of Law Books and Gavel, adapted from image at fjc.gov

… [T]he Krasnoyarsk City Court of Arbitration ruled that almost all of the sum, the largest legal award in Russian history, must go to the federal treasury […]

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JRL NEWSWATCH: “Russia’s Richest Man Owns More Melting Arctic Than Anyone” – Bloomberg/ Yuliya Fedorinova, Laura Millan Lombrana

Cartoon Sun and Thermometer, adapted from cdc.gov

“Vladimir Potanin’s sprawling Siberian mining operations make him the billionaire most exposed to the permafrost crisis.” “Vladimir Potanin, one of the [world’s] 50 richest people … stood awkwardly on … Siberian tundra near … remote mining city … Norilsk. … less than a week since a spill[,] … one of Russia’s worst [Arctic] disasters …, caused … by an aging […]

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JRL NEWSWATCH: “An oil spill in Russia’s Arctic exposes risks for Moscow’s Far North plans” – Washington Post/ Isabelle Khurshudyan, Andrew Freedman

Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

“Thawing permafrost in the rapidly warming region leaves Moscow’s ambitious Arctic expansion proposals literally on shaky ground.” “… [S]urg[ing] … climate change in interior Russia – more than three times the global average – is throwing new risks in the way of … Putin’s Far North agenda, among his top domestic initiatives. A key danger is … more infrastructure atop […]

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Who Will Pay For Russia’s Unprecedented Oil Spill?

Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

(Oilprice.com – Alex Kimani – June 11, 2020) Five days ago, Russia suffered its worst oil spill in modern history after a fuel storage tank owned by Russian nickel and palladium mining company, Nornickel, collapsed and spilled 21,000 tonnes (about 158,000 barrels) of diesel into the nearby Ambarnaya river outside the Siberian city of Norilsk. The accident–which has drawn comparisons […]

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JRL NEWSWATCH: “Russia says has stopped spread of Arctic fuel spill” – AFP

Map of Arctic Highlighting Permafrost, adapted from image at nasa.gov

“Russia has … contain[ed] a massive diesel spill into [an Arctic] river … the emergencies ministry [stated] … Environmentalists said the oil spill, which took place [a week earlier] … was the worst such accident ever in the Arctic region. … [A] diesel reservoir collapsed at a power station outside the northern Siberian city of Norilsk[ owned by a subsidiary […]

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