Dutch court reinstates $50B Yukos claim against Russia

Dutch court reinstates $50B Yukos claim against Russia

A Dutch court on Tuesday reinstated a $50 billion arbitration award filed against the Russian government on behalf of the shareholders of Yukos Oil. The Hague Court of Appeal ruling reversed a 2016 court decision that had negated the award. The panel had originally ruled that the Kremlin fraudulently seized control of Yukos in 2003 by filing bogus tax claims against it.

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