Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

January 24, 2016 13:46


Russia has achieved decisive success in appealing the arrest of its property at the suit of YUKOS shareholders. This was said by Minister of Justice Alexander Konovalov, RIA Novosti reports on Sunday, January 24.

"There are litigation proceedings and we already have some progress, which is still too early to talk about. The most important, in general, we have managed to bring the situation into the legal field, which is important," - the Head of the Ministry of Justice said. He added that any new cases of arrest of Russian property abroad has not fixed.

In December Konovalov said that Moscow has appealed the decision of the arrest of his assets in seven or eight countries. During the same month it was reported that the Hague District Court has appointed the consideration of Russia’s complaint to collect $ 50 billion in favor of the former shareholders of Yukos for February 9. In the middle of June the courts in Belgium and France seized a number of Russian assets. This was done in the framework of implementation of the decision on the claims of three companies (Hulley Enterprises, Yukos Universal Limited and Veteran Petroleum Ltd), representing the interests of the former owners of YUKOS.

Subsequently the part of the accounts in Belgium was unlocked, but Moscow has officially protested and announced its intention to appeal against the arrest of their property in court. In July 2014 the Court of Arbitration in the Hague admitted that Russia had violated the Energy Charter and in fact confiscated the YUKOS assets. It complied with the suit of the former shareholders of the oil company and compelled Moscow to pay them $ 50 billion as a compensation of damage.


Author: Anna Dorozhkina

Tags: Yukos Yukos case    

Next Previous

You might also find interesting:

New Oil Cartel The Federal Antimonopoly Service of Russia Is Interested In Strengthening Cooperation With the UN Countries Russians have Increased the Number of Bank Accounts Abroad Russia Is Going To Grant a Loan to Belarus EBRD Chief Promotes Russia Among Investors

Comment on our site

RSS   twitter      submit

Astrakhan Region  Adler  Nikolai Miklukho-Maklay  Tyumen  Visa   Ulyana Sergeenko  Sarai-Batu  Higher School of Economics  Mercedes-Benz Fashion Week Russia  Rostov Region  Russian tourism  Russian economy  Russian scientists  Russian business  Russian trade  Moscow Region  3D-Museum of Military History  Russian opposition activists  Nature Reserves  Russian oil and gas industry   Moscow State University  Tele2 AB  AIDS  DNA  Russian Film Directors  NTV TV Channel  Ust-Abakan  Evgeny Chichvarkin  St. Petersburg  alcohol price  Exhibitions in Moscow  biology  Russian businessmen  Snezhinsk  Moscow  snowboarding  Boris Babochkin  Liberal Democrats  Russian Cinema  Wassily Kandinsky  Ladoga   Russian science  Sviatoslav Richter  Golden Ring  childhood in Russia  Russian souvenirs  Crimea  Siberia  Exhibition Fairs  St. Petersburg Museums 

Travel Blogs
Top Traveling Sites