Court orders Russia to pay some $50 bln in damages to Yukos shareholders

AMSTERDAM, July 28 Mon Jul 28, 2014 4:12am EDT

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AMSTERDAM, July 28 (Reuters) - An arbitration court in the Netherlands on Monday ruled in favour of shareholders in defunct Russian oil giant Yukos, ordering Moscow to pay roughly $50 billion in damages.

The Permanent Court of Arbitration in The Hague issued rulings in three separate cases which had sought a total of $100 billion from Russia for expropriating Yukos, formerly controlled by Mikhail Khodorkovsky, once Russia's richest man. (Reporting by Anthony Deutsch; Editing by Alison Williams)

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