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This document comprises a formal communication from counsel for the Respondent, the Russian Federation, to the Permanent Court of Arbitration (PCA), requesting the immediate resumption of the arbitration proceedings. The procedural catalyst for this request is a judgment rendered by the Paris Cour d’appel on 23 June 2026, which annulled the original arbitral tribunal’s 11 December 2023 Decision dismissing the Respondent’s Application for Revision of the 26 November 2018 Award.
In its correspondence, the Respondent asserts that, as a direct consequence of the annulment by the French courts, its underlying Revision Application remains undecided. Relying on Article 1502 of the French Code of Civil Procedure, the Respondent contends that the application must now be adjudicated afresh by a newly constituted arbitral tribunal. To that end, the Respondent formally appoints Professor Georges Affaki as its co-arbitrator pursuant to Article 7 of the 1976 UNCITRAL Rules.
Furthermore, the Respondent requests that the PCA invite the Claimant, JSC Oschadbank, to appoint its respective co-arbitrator without delay to facilitate the prompt resumption of the proceedings. The communication concludes by updating the record with the Respondent's designated legal representatives and points of contact for all future correspondence.