A French court has confiscated a €120 million villa linked to Gazprom. Russia has lost a bid to overturn a $50 billion award in the bankruptcy case of Yukos Oil, the country's largest oil and gas company. The Amsterdam Court of Appeal dismissed Russia's challenge to the Yukos arbitral awards, ordering the Russian Government to pay $50 billion in damages to Yukos Oil shareholders, marking the largest arbitration in history.
#Russia Loses Bid to Overturn $50 Billion Award in Yukos Case #oott https://t.co/t979QMRHy9
BREAKING: An international court ordered the Russian Government to pay $50 Billion in damages to shareholders of now defunct Yukos Oil. It is the largest arbitration in history. Putin famously jailed Yukos founder Mikhail Khodorkovsky so that the company could be expropriated. https://t.co/b57JpSJhYv
Russia loses bid to overturn $50 billion award in bankruptcy case of Yukos Oil, once the country's largest oil and gas company https://t.co/KJg41ulc76
French court confiscates €120 million villa linked to Gazprom https://t.co/26wG5u16He
After a decade-long battle, the Amsterdam Court of Appeal today dismissed Russia's last remaining challenge to the more than $50 billion Yukos arbitral awards. Time for Russia to pay up! https://t.co/tE6HM7Feda