Monday, July 28, 2014

Russia Set to pay $50 billion over Yukos

An international court on ordered Russia to pay over $50 billion in compensation to the former shareholder of now-defunct oil producer YUKOS over the expropriation of the company more than 10 years ago.


In one of the largest arbitration cases ever, a subsidiary for GML Ltd., once the biggest shareholder in  Yukos Oil Co ltd had sought $103.5 billion from Russia.

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