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Nevzlin "very pleased" with Hague court ruling on Yukos
July 28, 2014 / 10:16 AM / 3 years ago

Nevzlin "very pleased" with Hague court ruling on Yukos

TEL AVIV, July 28 (Reuters) - Leonid Nevzlin, the biggest ultimate beneficial owner of defunct oil giant Yukos, expressed satisfaction with the Hague’s arbitration court ruling that Russia must pay a group of shareholders around $50 billion for expropriating its assets.

“I am very pleased the international tribunal in the Hague decided that Russia violated international laws and illegally expropriated Yukos,” the Russian-born Nevzlin said in an emailed statement on Monday.

Nevzlin, a business partner who had fled to Israel to avoid prosecution, has a stake of around 70 percent.

The Hague court said it had awarded shareholders in the GML group just under half of their $114 billion claim, going some way to covering the money they lost when the Kremlin seized Yukos, once controlled by Mikhail Khodorkovsky. (Reporting by Tova Cohen)

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