General
Norilsk Nickel pays $2.5 billion to Russia over massive Arctic oil spill
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
- The company’s 2020 net profit fell by 39 per cent as a result of the fine
The leak of 21,000 tonnes of diesel into rivers and subsoil from a rusty-looking storage tank at the mining firm’s Norilsk power plant in Siberia angered Russian President Vladimir Putin.
Norilsk is a remote city of 180,000 situated 300km inside the Arctic Circle.
It is 2,900 kilometres…
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