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The Hague arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
The official dismissed as absurd the grounds the court gave for its verdict. The court linked its decision to the violation by Russia of an article of the EU Energy Charter. Russia had signed the Charter in 1994, but never ratified it. He said, “It’s not so much the issue of the quality of Dutch justice and the negative political background at the moment of the verdict passing, as the issue of quality of Russia’s legal stance and the work of legal advisers who represented the country’s interests.