Russia told to pay Yukos investors nearly €1.9bn

Russia told to pay Yukos investors nearly €1.9bn
Vladimir Putin

The European Court of Human Rights has ordered Russia to pay out nearly €1.9bn to shareholders of Yukos, the oil producer that the government had dismantled over a decade ago.

The ruling said Russia must produce a plan to distribute the funds within six months. The court said a further €300,000 in costs and expenses is also to be paid out.

The decision follows one earlier this week by an international court ordering Russian president Vladimir Putin’s government to pay €50bn to the former majority shareholder in Yukos.

The ruling covers shareholders who were not party to that claim.

Yukos had been owned by Mikhail Khodorkovsky, an opponent of Putin who had begun using his wealth to fund opposition parties. Khodorkovsky was arrested.

More in this Section

Ireland's two-tier tourism industry continuesIreland's two-tier tourism industry continues

Pivotal week ahead for Irish business supply chains as coronavirus spread continuesPivotal week ahead for Irish business supply chains as coronavirus spread continues

Environment Secretary refuses to rule out chlorinated chicken in UKEnvironment Secretary refuses to rule out chlorinated chicken in UK

Caseys Furniture and Cork English College top winners at Cork Business of the Year AwardsCaseys Furniture and Cork English College top winners at Cork Business of the Year Awards


Lifestyle

Another episode, another incredible Cork woman. The tale of Mother Jones, the famous union organiser and activist against child labour in 19th century America.Five things for the week ahead: RTÉ showcase another incredible Cork woman

Holger Smyth part-owns and runs Inanna Rare Books, which has recently opened a ‘rare book lounge’ at the former Hawthorn creamery near Drimoleague, Co Cork.We sell books: Cream of the book crop sold from former co-op

Milton Jones talks hecklers, Hawaiian shirts and the world’s favourite clever Irishman with Richard FitzpatrickMilton Jones: When one line will do just fine

After almost 70 years of trying the search goes on, but so far nothing has been found.Sky Matters: Whether we are alone in the Universe has exercised many great minds

More From The Irish Examiner