Russia will appeal the ruling of Permanent Court of Arbitration in The Hague, Russia's Finence Ministry has stated on Monday. It added that the court's conclusions on Yukos run counter to conclusions of European Court of Human Rights.Permanent Court of Arbitration in The Hague ruled on Monday that Russia must pay compensation to former shareholders of the defunct oil giant Yukos.Ex-shareholders of Yukos officially announced their claim against Russia was settled by the arbitrary court of The Hague. The court’s ruling envisages a $50 billion compensation to the claimants. The Russian Federation was the defendant in the case on expropriation of assets of bankrupt Yukos legally based on Article 45 of the Energy Charter Treaty.
Russia will appeal the ruling of Permanent Court of Arbitration in The Hague, Russia's Finence Ministry has stated on Monday, ITAR TASS reports. The Ministry representatives added that the court's conclusions on Yukos contradict the verdict of the European Court of Human Rights.
The Permanent Court of Arbitration in the Hague ruled on Monday that Russia must pay compensation to former shareholders of the defunct oil giant Yukos.Ex-shareholders of Yukos officially announced their claim against Russia was settled by the arbitrary court of The Hague. The court’s ruling envisages a $50 billion compensation to the claimants. The Russian Federation was the defendant in the case on expropriation of assets of bankrupt Yukos legally based on Article 45 of the Energy Charter Treaty.
