U.S. District Court for the District of Columbia, “YUKOS v. RF” refused to accept that its case was outside its jurisdiction. writes about this “RBC”.
“The case can now proceed to a hearing on the merits to determine whether final judgments should be enforced under the New York Convention,” Judge Beryl Howell said.
Before this the High Court in London denied The Russian Federation will be immune if it pays $60 billion to Yukos shareholders.
The dispute between the Russian Federation and the former majority owners of Yukos has been going on for more than 10 years. Shareholders are demanding compensation for the alleged nationalization of the oil company. In 2014, an arbitration court in The Hague accepted their demands and ordered the three companies to pay just over $50 billion. The court’s decision was later suspended and reinstated in 2020.
To date, the amount of compensation with interest has reached almost 60 billion dollars.
Now Yukos’ former assets account for about 75% of Rosneft PJSC’s assets.
Previously former head of YUKOS Khodorkovsky (was known as a foreign agent in the Russian Federation) appreciated His fortune is 500 million dollars.