A Russian court on Friday February 5 largely upheld a contested fine on Nornickel, charging it $1.93 billion - the country's largest environmental fine - for an oil spill in the Arctic.
Nornickel already took an accounting charge to cover the fine for a May 2020 oil spill that saw it surrender 98.5% of its profits for the first half of that year.The fine just imposed by the Arbitration Court of the Krasnoyarsk Region in Siberia...