The damage caused by an oil spill in the Arctic from a Nornickel unit in May 2020 was valued at 21.4 billion roubles ($273 million), Nornickel asserted on Monday October 5.
The valuation was produced in a challenge to the $2.1 billion fine imposed on the company in July by Russia's environmental watchdog, Rosprirodnadzor.Rosprirodnadzor took the case of the unpaid fine to court in Siberia on September 10. Norilsk-Taimyr Energy Co (NTEC), a subsidiary of Norilsk Nickel Group, was the party named before the Arbitration Court of the Krasnoyarsk...