barely three days after an international arbitration panel’s ruling, the European Court of Human Rights has ordered Russia to pay $2.5 billion in damages to shareholders of the now-defunct Russian oil giant Yukos. The latest ruling is the largest compensation award evermade by Europe’s top human rights court. Russia owes $50 billion damages to Yukos’s shareholders As reported earlier, the arbitration panel in The Hague ruled Monday that Russia owes former shareholders of the defunct Yukos oil company over $50 billion in damages for its seizure of the company. The oil giant was once Russia’s largest oil company, but was…
Russia Faces Fresh $2.5 Billion Penalty In Yukos Case
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports