Alexey Pichugin

European Court Issues EUR 2 B Verdict in Yukos Affair

The European Court of Human Rights ruled that the former shareholders of the former oil concern Yukos are to receive a EUR 1.9 B compensation from Russia.

This is the second sentence Russia has faced over the nationalization of Yukos in just a few days.

Moscow has seriously pushed down the value of the enterprise with fantasy taxes and a manipulated auction, the court found.