Dutch Court Orders Russia To Pay $50B For Dismantled Oil Company

Dutch Court Orders Russia To Pay $50B For Dismantled Oil Company

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Social Studies

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The Hague Court of Appeals reinstated a 2014 arbitration ruling ordering Russia to pay $50 billion to Yukos shareholders, accusing Russia of bad faith in using tax claims to seize the company. The tax claims were seen as a move to silence Mikhail Khodorkovsky, a critic of Putin. In 2016, a court overturned the ruling, citing jurisdiction issues. Russia plans to appeal the latest decision.

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