Product Liability & Toxics Law News

Watchdog Asks Nornickel to Pay $2 Billion for Arctic Spill (2)

July 6, 2020, 5:00 PM

Russia’s ecological watchdog said the massive Arctic fuel spill from a MMC Norilsk Nickel PJSC tank in May caused 148 billion rubles ($2.1 billion) of damage and asked the miner to pay for it.

The vast majority of the damage was to waterways linked to the Kara Sea, according to the Federal Service for Supervision of Natural Resources, known as Rosprirodnadzor. Nornickel, which has pledged to fully fund the clean-up, had estimated the cost to reach $150 million, excluding any fines. The shares slid as much 5.8%.

A floating dam is installed to limit the spread of oil pollution following a massive fuel spill in the Ambarnaya River outside Norilsk on June 10.

“Potentially the company faces one of the biggest ecological damage fines in...

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