Former Yukos shareholders awarded USD 50 billion by court

RUSSIA / FSU POLITICS - In Brief 21 Feb 2020 by Alex Teddy
On February 17 the Court of Appeal in the Netherlands found favor of onetime shareholders of Yukov. The judgment comes after 15 years of legal wrangling. Russia is now supposed to pay USD 50 billion in compensation to the former shareholders of the Russian oil supermajor. In 2003 the Yukos CEO Mikhail Khodorkovsky was arrested on charges of tax evasion. Yukos was seized by the state in lieu of the unpaid taxes.The former Yukos owners can now take assets owned by the Russian Federation abroad. However, Russia can appeal the case to the Netherlands Supreme Court.

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