Arab Today, arab today yukos shareholders open to talks with russia over 50bn award
Last Updated : GMT 05:06:57
Arab Today, arab today
Arab Today, arab today

Yukos shareholders open to talks with Russia over $50bn award

Arab Today, arab today

Arab Today, arab today Yukos shareholders open to talks with Russia over $50bn award

oil giant Yukos at the Moscow headquarters
London - AFP

Former Yukos shareholders said Tuesday they were prepared to negotiate with Russia after an international court awarded them $50 billion (37 billion euros) of compensation over the seizure of the defunct oil giant.
The arbitration court in The Hague ruled on Monday that Moscow had forced Yukos -- once owned by jailed Kremlin critic Mikhail Khodorkovsky -- into bankruptcy with outsized tax claims before selling its assets to state-owned firms.
But with further legal battles looming to recoup compensation from a Russian government that has already been hit by international sanctions over the Ukraine crisis, main shareholder GML Ltd said they were ready for talks.
"GML has always and continues to be open to negotiations with the Russian Federation," the spokesman told AFP.
Shareholders had made several attempts to negotiate in recent years "but to no avail," the spokesman added.
"They (the shareholders) would be open to constructive dialogue and they think it would be a useful way forward at this point."
Lawyers for the shareholders warned on Monday they could try to seize international assets of state-owned Rosneft, which bought up most of Yukos operations after its breakup, if they could prove it was the "alter ego of the state".
Russia was ordered 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.
Yukos was once Russia's biggest oil company but was broken up after Khodorkovsky was arrested in 2003, shortly after President Vladimir Putin warned Russia's growing class of oligarchs against meddling in politics.
It was sold off in opaque auctions between 2004 and 2006. Rosneft was then a small player but today stands as the world's biggest listed oil company by production volume.

 

arabstoday
arabstoday

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 yukos shareholders open to talks with russia over 50bn award Arab Today, arab today yukos shareholders open to talks with russia over 50bn award

 



Arab Today, arab today

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 yukos shareholders open to talks with russia over 50bn award Arab Today, arab today yukos shareholders open to talks with russia over 50bn award

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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