Arab Today, arab today russia preparing response to overseas asset freezes
Last Updated : GMT 00:54:50
Arab Today, arab today
Arab Today, arab today

Russia 'preparing response' to overseas asset freezes

Arab Today, arab today

Arab Today, arab today Russia 'preparing response' to overseas asset freezes

Yukos founder Mihail Khodorkovsky
Moscow - AFP

Moscow said Friday that it was preparing a "judicial response" to official asset freezes overseas, after state accounts and property were reportedly blocked in Belgium and France over legal claims from former Yukos shareholders.

"Russia is working on it. What our response will be -- time will tell," deputy foreign minister Vasily Nebenzya told Interfax news agency, adding that "whoever acts like this has to understand that there will be a counter reaction."

A representative of claimants from the defunct oil firm said Thursday that official accounts and buildings had been frozen in the two countries.

In Belgium, accounts of the Russian embassy in Brussels and representative offices at the European Union and NATO headquarters were among those affected, the Russian foreign ministry said.

Moscow summoned the Belgian ambassador to explain the move and threatened "reciprocal measures targeting Belgian assets in Russia".

The Belgian foreign ministry said the seizures had been conducted by bailiffs without the involvement of the Belgian government.

In France, accounts in around 40 banks were frozen along with eight or nine buildings, Tim Osborne, executive director of the main shareholder GML, told AFP.

There was no immediate confirmation of the asset freezes in France from officials in Moscow or Paris.

Yukos was once Russia's biggest oil company but was broken up after the arrest of its owner, Kremlin critic Mikhail Khodorkovsky, in 2003.

That came shortly after President Vladimir Putin warned Russia's growing class of oligarchs against meddling in politics.

Khodorkovsky was granted residency in Switzerland after being released in 2013 following a decade in prison after a presidential pardon from Putin.

Last year, the Permanent Court of Arbitration in The Hague ruled that Moscow had forced Yukos into bankruptcy with excessive tax claims before selling its assets to state-owned firms.

It ordered Russia to pay Yukos shareholders a record $50 billion (44 billion euros) in compensation.

Russia was told to pay compensation to shareholders to subsidiaries of Gibraltar-based Group Menatep, through which Khodorkovsky ran Yukos.

The group exists today as holding company GML, although Khodorkovsky is no longer involved and is not a party to the compensation claim.

GML's Osborne said that proceedings were "already underway in Britain and the United States and further countries will follow".

He explained that legislation in Belgium and France made it easier to freeze assets pending the outcome of the Yukos compensation dispute.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia preparing response to overseas asset freezes Arab Today, arab today russia preparing response to overseas asset freezes

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday