Reuters
With a backdrop of Russia's invasion of Ukraine, the U.S. Supreme Court on Monday declined to hear a Ukrainian government bid to avoid paying a $173 million judgment to Russian oil and gas company Tatneft as ordered by a Paris-based arbitration panel. The justices turned away Ukraine's appeal of a lower U.S. court's decision to affirm the judgment ordered by the arbitration panel established by the parties to consider Tatneft's accusations of Ukrainian wrongdoing over the handling of shares in an oil refinery. Ukraine has sought to overturn the award, which has been upheld in both foreign and U.S. courts.