FINANCIAL TIMES: The Kremlin came under intense pressure on Monday after an international tribunal ordered Russia to pay $50bn damages to former shareholders of the Yukos oil company, as the EU and US prepared to ramp up sanctions over Moscow’s role in the Ukraine crisis.
A panel in The Hague made the biggest compensation award ever in an arbitration case after ruling that Russian authorities carried out a series of “politically motivated” attacks a decade ago, which were designed to destroy Yukos and to put its main shareholder, Mikhail Khodorkovsky, in jail…
If Russia fails in legal challenges to the ruling and declines to pay the damages, Yukos shareholders could pursue the foreign assets of companies such as Rosneft and Russian state assets in courts around the world… (more)
