Popular News From Popular Sites: ECHR rules that Russia should pay Yukos shareholders $1.9 billion

Thursday, July 31, 2014

ECHR rules that Russia should pay Yukos shareholders $1.9 billion

Yukos oil well is seen at sunset near the Russian northern city of Nefteyugansk. MOSCOW/STRASBOURG (Reuters) - The European Court of Human Rights (ECHR) awarded shareholders in Yukos 1.9 billion euros (1.5 billion pounds) in compensation after the former oil company argued Russia had unlawfully deprived the company of its possessions by imposing bogus taxes and a sham auction of its key asset. Just days after some of Yukos's former shareholders won $50 billion in The Hague, the Strasbourg-based court said Russia should also pay 300,000 euros in costs and expenses, plus any tax that may be chargeable. ...




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