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Russia’s Constitutional Court said that the Russian government may not comply with the international arbitration decision in The Hague in the Yukos case. We are talking about the payment of $ 57 billion to the former owners of the company, whose assets were stripped.
This is stated in an explanation posted on the court’s website. The assets of the largest oil company in the Russian Federation went to the state-owned Rosneft company, run by Igor Sechin, a longtime friend of President Vladimir Putin. And the former owner of Yukos, Mikhail Khodorkovsky, was sent to prison, from where he was released after 10 years.
The Constitutional Court published an explanation of its judgment No. 8-P of 2012 on the verification of the federal law “On international treaties.” The court then allowed the application of international agreements that had not been ratified and had not entered into force. And now he said that there was no need to fulfill such obligations.
The International Court of Justice in The Hague sided with the former owners of Yukos and ordered the Russian government to pay billions of dollars in compensation. However, the decision has yet to be implemented and there are probably no plans to implement it.
In an interview with journalist Dmitry Gordon, Mikhail Khodorkovsky said that he would not seek payment of this amount, but that the decision itself was important to him.
As previously reported by OBOZREVATEL:
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On March 23, 2016, it emerged that Russian law enforcement agencies allegedly received evidence of the illegality of the acquisition of shares by the senior managers of Yukos.
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This can become a pretext to press new charges against Mikhail Khodorkovsky and other former co-owners of the oil company.
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The Court of Appeal in The Hague ordered the Russian Federation to pay more than 50 billion euros to the former shareholders of the oil company Yukos.
