RF asks to suspend the execution of the decision of the Hague court in the Yukos case
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RF asks to suspend the execution of the decision of the Hague court in the Yukos case

29 October , 09:48SocietyPhoto: ТАСС
The Supreme Court of the Netherlands will consider the request of the Russian Federation as a participant in the proceedings on compensation to the former shareholders of Yukos, said Deputy Minister of Justice Mikhail Galperin.

“On October 30, a hearing in the Supreme Court of the Netherlands will take place on the application of the Russian Federation to suspend the execution of arbitration decisions made on the claims of former Yukos shareholders”, - Halperin told RIA Novosti.

Recall that in July 2014 the arbitration court in The Hague recognized Russia's actions against the former owners of YUKOS as expropriation. The following year, the decision was overturned by the District Court of The Hague, but in February 2020, the Court of Appeal of The Hague again upheld the complaint of the former shareholders.

Moscow appealed against the court decision, pointing out that the instance neglected the facts of violation of anti-corruption legislation, and the ex-owners "cannot be recognized as bona fide investors in the sense of the Energy Charter Treaty to which they refer." The Ministry of Justice noted that the plaintiff companies "misled the arbitrators about the ultimate beneficiaries of the three shell companies that filed claims against Russia," and the Hague court ignored "Russia's lack of unequivocal consent to arbitration in the claim".

Let us also remind that in May in the Netherlands the International Arbitration Court seized Russian vodka of two brands “Stolichnaya” and “Moskovskaya” at the request of the former shareholders of YUKOS.

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