Russian Government seeks USD 2 billion compensation for oil spill

RUSSIA / FSU POLITICS - In Brief 07 Jul 2020 by Alex Teddy
On July 6 Moscow said that Nornickel should voluntarily pay compensation for the worst oil spill in Arctic history. The mining company. The Russian Environment Agency said 21 000 tons of diesel leaked out. Norilsk Taimyr is the subsidiary of Nornickel which is responsible. This would be about 33% of the company's profits in 2019.The spill took place on May 29. Rivers in the area turned red with diesel. Permafrost melted causing an oil storage tank to leak. The company is accused of failing to maintain its equipment.Nornickel shares plunged 5% on July 6 once the 'request' for compensation was published. The company is owned by Vladimir Potanin.

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