Former Yukos shareholders are trying to “squeeze” from Russia 50 billion dollars – Express-News

23.05 | 14:41

According to media reports, the former Yukos shareholders do not lose hope to get from Russia $ 50 million.

The former Yukos shareholders have not abandoned their attempts to collection Russia to compensation for bankruptcy and the sale of assets of the oil company. As you know, at the end of July 2014 the Permanent Court of Arbitration at The Hague court has decided, under which Russia was required to pay the former Yukos shareholders $ 50 billion as Russia had violated the Energy Charter and the 2004 de facto expropriated the oil company from its legitimate owners .

Russia, in turn, did not recognize the Court’s judgment and refused to pay the sums awarded, which resulted in a penalty in the form of 2.4 million dollars a day.

At present, while former shareholders of Yukos going to record the decision of the arbitral tribunal in the Land Court of Berlin. As possible targets for compensation, shareholders are planning to use the Russian assets in the Netherlands and Belgium. As options are considered and other countries. Previously, “yukosovtsy” has already appealed to the US courts, the United Kingdom, France.

In early 2015 the District Court of The Hague has begun the process for appealing decisions of the Arbitration Court, initiated by Russia. Russia believes that the arbitral tribunal had no right to consider the claim of former shareholders of Yukos, as Russia will not ratify the Energy Charter Treaty, and in 2009 came out of the Charter.