The largest Dutch shipbuilder is seeking compensation from the government for damage caused by the sanctions on Russia, which have prevented it from honoring a number of contracts.
The ongoing legal battle, which started in May with a suit filed by Damen Shipyards Group at the district court in Rotterdam, was revealed by Bloomberg on Tuesday. Company spokesman Rick van de Weg later confirmed the pending proceedings to other media outlets.
Damen is a 90-year-old Gorinchem-based family-owned business which builds various types of vessels, from warships to luxury yachts. Days before the hostilities in Ukraine erupted in February last year, the company delivered a dredger to Russia for duty in the Arctic, according to Bloomberg.
Sanctions banning most business transactions with Russia, which the EU imposed in retaliation for the conflict, have prevented Damen from fulfilling its obligations under several contracts. It has also suspended its engineering branch in the country.