The European Court of Human Rights has ordered Russia to pay €1.87 billion in compensation to holders of shares in Yukos, which was once Russia’s largest oil company.
The ruling is the second judgment in four days against Russia related to its decision to seize Yukos’s assets on grounds of tax evasion and other charges.
The ECHR had already ruled in September 2011 that Russia had given Yukos too little time to prepare its defence, that the penalties imposed were “unlawful” and that the Russian authorities had behaved in a way that “failed to strike a fair balance between the legitimate aim …read more
Source: European Voice
