Svetlana Bakhmina
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.
Russia Forced to Pay USD 50 B to Former Yukos Owners
A Hague-based court of arbitration ruled Monday that former majority shareholders of once-thriving oil concern Yukos should be awarded USD 50 B of damages.
According to the Permanent Court of Arbitration in The Hague, Moscow is to pay nearly half of the sum claimed by former owners, the Financial Times reported.