Russia's appeal is rejected. The court in the Netherlands ruled in the Yukos case

World 17:30 20.02.2024

The Amsterdam Court of Appeal rejected Russia's complaint and sided with the former shareholders of the Yukos oil company, Ednews reports citing TASS.

According to the ruling published on the court’s website, the decision on Russia’s payment of $50 billion should remain in force.

The Court of Appeal in Amsterdam has concluded that the Russian side's argument about alleged fraud by former Yukos shareholders during arbitration proceedings in The Hague is not capable of overturning compensation decisions.

The court “annuls the decision of April 20, 2016,” within the framework of which the obligations to pay compensation were lifted from the Russian Federation, and “rejects the claims of the Russian Federation.”

The proceedings were initiated by Hulley Enterprises, Yukos Universal and Veteran Petroleum, which are associated with former YUKOS shareholders. International arbitration, created through the mediation of the Permanent Court of Arbitration in The Hague, after 10 years of consideration of the case in 2014, ordered Russia to pay more than $50 billion to three specified companies.

At the end of 2014, the Russian side appealed the verdict. In 2016, the District Court of The Hague sided with the Russian Federation and overturned this decision.

Unseen Footage from Nariman Narimanov's Funeral in Moscow Surfaces - VIDEO

News line

Elon Musk and Javier Milei share their love of free markets in first meeting
12:00 13.04.2024
Delphin Pronk: Time has come for concrete steps to ensure peace and stability in South Caucasus
10:51 13.04.2024
Polish MPs vote to move forward with legislation to lift near-total abortion ban
Polish MPs vote to move forward with legislation to lift near-total abortion ban
10:30 13.04.2024
Putin reportedly wants to restart Zaporizhzhia nuclear plant
10:05 13.04.2024
Germany eases gender change rules
Germany eases gender change rules
09:48 13.04.2024
US reportedly sends backup to Middle East amid Iranian threat
09:26 13.04.2024
UK laser weapon could be sent to Ukraine war zone
09:00 13.04.2024
Threat of Iranian attack on Israel is 'real' - White House
23:59 12.04.2024
Armenia appoints military attaché to embassy in UK
Armenia appoints military attaché to embassy in UK
23:25 12.04.2024
Invitation letter addressed to Slovenian President regarding COP29 delivered to the opposite side
Invitation letter addressed to Slovenian President regarding COP29 delivered to the opposite side
22:55 12.04.2024
Tajik President to embark a visit to Azerbaijan next month
22:22 12.04.2024
Georgia and Germany mull security issues in South Caucasus
21:51 12.04.2024
MFA: International support is necessary to address the Armenian landmine threat against Azerbaijan
21:35 12.04.2024
Vehicle transporting military personnel fell into a ravine in Armenia, leaving 4 killed
21:22 12.04.2024
Deputy FM of Azerbaijan visits Greece, holds several meetings
Deputy FM of Azerbaijan visits Greece, holds several meetings
20:24 12.04.2024
Azerbaijan Army positions once again subjected to fire
19:25 12.04.2024
EC announces record gas reserves in EU storage facilities after winter
EC announces record gas reserves in EU storage facilities after winter
18:39 12.04.2024
Azerbaijan's Ganja to be CIS sports capital
18:00 12.04.2024
Moscow to host upcoming meeting of CIS Council of Foreign Ministers
Moscow to host upcoming meeting of CIS Council of Foreign Ministers
17:05 12.04.2024
Russia floods leave houses almost submerged
16:45 12.04.2024
Russia declares Slovenian embassy worker persona - non - grata as measure of retaliation
Russia declares Slovenian embassy worker persona - non - grata as measure of retaliation
16:14 12.04.2024
Georgian foreign agent law protester sentenced to nine years
15:50 12.04.2024
Germany faces domestic lawsuit over its arms sales to Israel
15:27 12.04.2024
Another dangerous consequence of childhood obesity named
Another dangerous consequence of childhood obesity named
15:09 12.04.2024
US restricts travel for diplomats in Israel
14:45 12.04.2024
Toivo Klaar’s spox.: Elements are in place to ensure a sustainable peace between Armenia, Azerbaijan
14:34 12.04.2024
Iran aims to contain fallout in Israel response, will not be hasty, sources say
13:25 12.04.2024
FMs of Azerbaijan, Belarus meet in Minsk
13:07 12.04.2024
Azerbaijani oil price increases slightly
Azerbaijani oil price increases slightly
12:45 12.04.2024
Armenian side admits opening fire on Azerbaijani border guards
12:06 12.04.2024
Hamas says they do not have the hostages for ceasefire deal
10:58 12.04.2024
UN: Almost 11,000 civilians killed in Ukraine war, including 600 children
10:25 12.04.2024
Expansion of Azerbaijan-Moldova cooperation discussed in Chisinau
10:00 12.04.2024
Iran could retaliate ‘on Israeli soil’ in next 24 to 48 hours, according to US intelligence
09:47 12.04.2024
Norway to send 22 F-16 fighter jets to Ukraine
Norway to send 22 F-16 fighter jets to Ukraine
09:33 12.04.2024
Western Azerbaijan Community appeals to WH regarding US Ambassador's statement
09:05 12.04.2024
$486 billion is last World Bank estimate of reconstruction costs for Ukraine
22:40 11.04.2024
Lukashenko reaffirms commitment to facilitating negotiations between Moscow, Kiev
21:12 11.04.2024
WB renews economic growth forecasts in Azerbaijan
20:35 11.04.2024
Gaza death toll surpasses 33,500
Gaza death toll surpasses 33,500
19:52 11.04.2024
Hamısı