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

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

Related Topics

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.