Norilsk Nickel pays $2.5 billion to Russia over massive Arctic oil spill
Posted
WedWednesday 10
updated
WedWednesday 10
MarMarch 2021 at 2:27pm
The world s biggest producer of palladium and a leading player in nickel set aside money to cover the potential fine months before the court ruling.
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Norilsk Nickel has confirmed it has paid Russia $US2 billion ($2.5 billion) for damage caused by a fuel spill last year which caused the country s worst Arctic environmental disaster.
Key points:
Norilsk Nickel did not appeal a ruling that fined the company for a diesel spill
More than 20,000 tonnes of fuel and lubricants spilled into the Ambarnaya River, near the Arctic Ocean in 2020
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