(Adds detail, changes sourcing)
MOSCOW, July 29 Shareholders of former Russian
oil producer Yukos would be willing to discuss with Russia a
court's decision to award them $50 billion in compensation, a
spokesman for holding company GML said on Tuesday.
"We have always been ready to negotiate with the other side.
GML made many attempts to do so ahead of initiating this
arbitration and received no response," the spokesman said, after
the court in the Hague ordered that Russia must pay $50 billion
for expropriating the assets of Yukos.
Russia must pay the compensation to subsidiaries of
Gibraltar-based Group Menatep, a company through which Mikhail
Khodorkovsky, who fell foul of the Kremlin, controlled Yukos.
Group Menatep now exists as the holding company GML, and
Khodorkovsky is no longer a shareholder in GML or Yukos.
Tim Osborne, director of GML, has said that the ruling
"cannot be disputed".
Russia, whose economy is on the brink of recession, said it
would appeal the ruling by the Dutch-based panel, which judges
private business disputes.
Russia has to star paying by Jan. 15 next year or facing
rising interests on the fine.
Former Russian presidential adviser Andrei Illarionov has
said if Russia avoided payment it could face asset seizures
around the world.
(Reporting by Vladimir Soldatkin and Megan Davies, editing by