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

June 18, 2015 15:35


Vladimir Putin pointed at the incompetence of the decision of the Hague Arbitration on the claim of ex-shareholders of YUKOS on recovery of 50 billion dollars from Russia.

The court resolution is based on the European Energy Charter that was not ratified by Russia. This was announced by the Head of State at a meeting with heads of international news agencies during SPIEF-2015. The President’s words were quoted by TASS on Saturday, June 20. “Russia has not ratified the Charter, so we do not recognize the jurisdiction of this court, and we will prove it in a prescribed manner, through legal procedures” - Putin said.

He noted that Russia would try to resolve the problem “the way it did earlier in the case with the claim of the Swiss company Noga”. Putin stressed that there must be a reaction following the arrest of Russian property abroad. “We will defend our interests” - he said. On June 18 an intention to defend Russia’s position in the court was announced by the Russian presidential aide Andrei Belousov. He noted that internationally recognized lawyers were involved in this case. The prosecution of Russia in Europe will be a prolonged international scandal.

On June 17 the authorities of Belgium and France arrested a part of Russian property in these countries. The sanction was imposed as a part of compensation for the claim of former shareholders of YUKOS.


Author: Anna Dorozhkina

Tags: YUKOS     

Next Previous

You might also find interesting:

How to Become Russian Tax Resident in 2020 A Law On Undesirable Foreign And International Organizations Was Signed The EU And NATO Against Russia: How The West Will Respond To Moscow. The EU plans: New Sanctions. Real Wages Of Russians Decreased by 19.2 Percent New Mesures For Mortgage Lending Support Are Being Considered

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Mercedes-Benz Fashion Week Russia  St. Petersburg  space  Stars of World Ballet in Saratov  Larissa Kronberg  Perm Opera and Ballet House  the Pole of Cold  Russian Cinema  Leo Tolstoy  Russian startups  library  train tickets  Trees  Russian Traditions  Concerts in St. Petersburg  Yekaterinburg  Gazprom Neft  corruption in Russia  Russian Poetry  Russian opposition activists  Landscape Painters  Art Auctions  Kremlin Armory   Russian business  patriotic routes  Yakutia  Imereti Ornithological Park   Russian Arts and Crafts  Moscow  international competition  Russian fashion designer  Festivals in Moscow  Bashkiria  Bolshoi Theatre  Russian history  satellite  Car parks  travel to Russia  Zenit  Novosibirsk  Legal Services in Russia  Exhibitions in Moscow  Russian tourism  Slava Polunin  Graphic Art  Russian regions  Russian Romance  animation  Gzhel Ceramics  Tula Oblast 

Travel Blogs
Top Traveling Sites