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Washington D.C. has become an unlikely new front for this quintessentially Russian dispute because the Yukos shareholders are applying to resume enforcement of the ruling in the U.S. following the The Hague Court of Appeal’s decision in February. If successful, the former shareholders of Yukos can resume efforts to seize Russian state assets in the U.S. to help satisfy the $50 billion award.
Russia has repeatedly disputed the authority of international courts over its domestic industries. In 2017 Russia’s Constitutional Court rejected a separate decision from the European Court of Human Rights over a €1.866 billion compensation payment for former Yukos management, claiming the case violates the Russian Constitution and cannot be enforced. Putin has repeatedly proposed amending the constitution to give Russian law precedence over international obligations.
However, the Hague ruled in 2014 that “Russian courts bent to the will of Russian executive authorities to bankrupt Yukos, assign its assets to a state-controlled company [Rosneft] and incarcerate a man [Mikhail Khodorkovsky] who gave signs of becoming a political competitor.” Although of no known financial benefit to Khodorkovsky, the ruling has thrust Putin’s war for Yukos and Russian oil onto a global stage. ...
Khodorkovsky, on the other hand, has emerged as a public figure popular with much of Russia’s opposition to Putin.
Cough up the moneys ruski! My homie p! Haha
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