Russia to challenge Yukos ruling

Comment on this story
Gavel1234 Independent Newspapers File photo

Moscow - Russia will appeal a decision of the Hague court that ruled on Monday that Moscow must pay a group of shareholders in now-defunct oil giant Yukos $50 billion (R529 billion) for expropriating its assets, the Russian Finance Ministry said in a statement.

“The Russian Federation drew attention to ... serious flaws in the decision of the arbitration court,” the Finance Ministry said.

“The Russian Federation will challenge the arbitration court's decisions in the courts of the Netherlands.”

The ministry called the ruling “politically biased.” - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines