Europe’s top human rights court awarded shareholders in Yukos 1.9 billion euros [$2.6 billion] in damages on Thursday, a new blow to Russia days after some of the former oil company’s shareholders won $50 billion in The Hague.
The Strasbourg-based court found that Russia had failed to “strike a fair balance” in its treatment of Yukos, once run by former oligarch Mikhail Khodorkovsky, and had forced the company to pay excessive fees.
While the 1.9 billion euros awarded by the European Court of Human Rights [ECHR] is a fraction of the 38 billion euros that Yukos sought, it hits Russia hard at …read more
Source: Voice of America
