An Israeli oil importing company has filed a claim against the Soviet Government, seeking $2,396,440 for violation of an oil export contract, according to a Moscow report published today by the New York Times.
The claim is the first of several expected to be filed by Israel, seeking damages for Russian cancellation of oil contracts following the Sinai action a year ago. According to the Times, other suits will be filed by Israel in Moscow if the first claim is granted.
Under the Soviet-Israel contract, the suit in Moscow will be heard by a three-man foreign trade arbitration commission of the All-Union Chamber of Commerce. There is no appeal from the ruling of the commission. However, the Times points out, “the history of the commission indicates that it has sought to achieve a good reputation in international business and law circles, and that it has at times been more liberal to capitalist claimants than arbitrators elsewhere.”
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
