The Amsterdam Court of Appeals on February 20 rejected Russia’s appeal against a 2014 order by an arbitration tribunal in The Hague to pay $50 billion, a sum that has risen to more than $60 billion with interest, to shareholders -- Hulley Enterprises, Yukos Universal, and Veteran Petroleum -- of the defunct Yukos oil group. In 2014, the arbitration tribunal in The Hague concluded that Russia carried out a "devious and calculated expropriation" of Yukos after its former owner, Mikhail Khodorkovsky, was arrested in 2003 and spent 10 years in prison. To read the original story by RFE/RL's Russian Service, click here.
Dutch Court Rejects Russia's Appeal Against Order To Pay Over $50 Billion To Defunct Yukos
A Yukos oil well in Prirazlomnoye, outside Nefteyugansk, Russia, in 2004