Russia to appeal against $50bn Yukos shareholder payout

Euro|Topics and other sources reported on the 28 July 2014 that Russia must pay former shareholders of oil giant Yukos $50bn in damages as a result of a ruling from the Permanent Court of Arbitration in The Hague.

Russia said it would appeal the decision. The ruling had, commentators wrote, taken on particular significance in the midst of the Ukraine crisis, stressing that Russian taxpayers would have to foot the bill.

In a separate case the European Court of Human Rights in Strasbourg ruled on the 31 July 2014 that Russia must pay about €2.5bn to former shareholders in Yukos. Russia's Justice Ministry said the ruling was 'unfair' and 'not impartial'.

• Primary Source

Euro|Topics, 29.07.14: Russia ordered to pay 50 billion over Yukos http://www.eurotopics.net/en/home/presseschau/archiv/archiv_dossier/DOSSIER147656-Russia-ordered-to-pay-50-billion-over-Yukos

ESO: Background information: European court faults Russia over Yukos http://www.europeansources.info/record/european-court-faults-russia-over-yukos/

Website: Permanent Court of Arbitration http://www.pca-cpa.org/

Permanent Court of Arbitration: News, 28.07.14: Final Awards Issued in 3 Arbitrations Between Former Shareholders of Yukos and the Russian Federation http://www.pca-cpa.org/shownews.asp?ac=view&nws_id=440&pag_id=1261

The Guardian, 28.07.14: Russia ordered to pay $50bn in damages to Yukos shareholders http://www.theguardian.com/business/2014/jul/28/russia-order-pay-50bn-yukos-shareholders-khodorkovsky-court

RIA Novosti: Tag: Yukos http://en.ria.ru/tags/tag_Yukos/

RIA Novosti, 28.07.14: Yukos Payout Ruling ‘Another Way of Sanctioning Russia’ – Lawmaker http://en.ria.ru/world/20140728/191409127/Yukos-Payout-Ruling-Another-Way-of-Sanctioning-Russia--Lawmaker.html

ESO: Background information: EU sanctions to exclude Russia from capital markets http://www.europeansources.info/record/eu-sanctions-to-exclude-russia-from-capital-markets/

Deutsche Welle, 28.07.14: Ex-Yukos shareholders awarded compensation http://dw.de/p/1Cklb

Süddeutsche Zeitung, 30.07.14: Yukos ruling classic example of shadow justice (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE147661-Yukos-ruling-classic-example-of-shadow-justice

EUObserver, 31.07.14: Russia ordered to pay €1.8bn by human rights court http://euobserver.com/foreign/125167

BBC News, 31.07.14: Russia ordered to pay $2.5bn to Yukos shareholders http://www.bbc.co.uk/news/business-28579980

Deutsche Welle, 31.07.14: ECHR Yukos ruling says Russia must pay 1.9 billion euros http://dw.de/p/1CmnS

ECHR: Press Release, 31.07.14: Judgment Yukos v. Russia concerning just satisfaction http://hudoc.echr.coe.int/sites/eng-press/pages/search.aspx?i=003-4836419-5901050

RIA Novosti, 31.07.14: Russia Questions Impartiality of European Court’s Ruling in Yukos Case http://en.ria.ru/business/20140731/191521054/Russia-Questions-Impartiality-of-European-Courts-Ruling-in-Yukos.html

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