Thursday, June 18, 2015

Yukos Case: The Russian government assets frozen – Le Figaro

The Russian government assets in France and Belgium have been frozen at the request of former shareholders of Yukos oil company as part of a compensation procedure for dismantling its disputed Russia angry having ruled out any compensation.

In total, France, accounts in banks were frozen quarantine and “eight or nine buildings”. Procedures are also underway in Britain and the United States and others will follow in other countries.

This measure stems from the conviction in July 2014 by the Permanent Court of Arbitration in The Hague of the Russian state to pay compensation of 50 billion dollars (37 billion euros) for orchestrating the dismantling of Yukos, the former number one oil in Russia, for political reasons.

Yukos had been sold to the cut in large part to the Russian oil company Rosneft, a small player in the sector at the time, has since become the world’s largest producer among the listed companies.

Imprisoned for ten years and now abroad, Mikhail Khodorkovsky Russia welcomed the freezing of assets in Belgium, in a message posted on his personal page on Twitter.

“I hope that before the money will be paid to projects that benefit the Russian society,” he wrote.

His spokeswoman, Olga Pispanen, however assured that the ex -oligarque personally had “nothing to do” with the freeze Russian accounts.

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