Russian court says Russia has jurisdiction over Swiss supplier & applies Russian law to order return of €2.8m advance

16 September 2026

Russian court says Russia has jurisdiction over Swiss supplier & applies Russian law to order return of €2.8m advanceSergii Gnatiuk/Shutterstock.com

The Moscow Region Arbitrazh Court has ordered Swiss company AKA Powertrade AG (in Liquidation) to repay €2,830,319 to a Russian buyer called Tavrida SVK, holding that sanctions prevented the buyer from effectively pursuing its...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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