Putin declares 2018-2027 to be Children’s Decade in RussiaSociety & Culture May 29, 13:30
Press review: Macron’s 'independent policy' display and MC-21’s maiden flight to successPress Review May 29, 13:00
Tefft confirms Huntsman may soon replace him as US ambassador to RussiaWorld May 29, 12:17
Le Pen says Putin’s visit to France will bolster relations between countriesWorld May 29, 12:13
Russia to respond to diplomats’ expulsion from Estonia on tit-for-tat basisRussian Politics & Diplomacy May 29, 11:49
French minister comments on Macron-Putin talksWorld May 29, 11:15
Russia condemns North Korea’s new missile testRussian Politics & Diplomacy May 29, 10:17
Trump’s administration seeks to restart Ukraine peace process — mediaWorld May 29, 9:38
WannaCry ransomware may be authored by hackers from Southern China — mediaWorld May 29, 8:58
THE HAGUE, January 10. /TASS /. The Hague Court of Appeal will hold a hearing on the case of Yukos oil company on January 16, the court’s press officer Maartje Verweij told TASS.
"The hearing will take place next Monday, on January 16. All parties involved will be there. And it is just about procedures, not about content of the case," she said.
In 2014, the Permanent Court of Arbitration in the Hague obliged Russia to pay about $50 billion to three companies that were associated with former shareholders of Yukos - Yukos Universal Limited, Hulley Enterprises Limited and Veteran Petroleum Limited. The court stated that Russia’s activities with regard to Yukos can be taken as expropriation of investments, which violated article 45 of the Energy Charter, Russia had signed but had not ratified.
On April 20, 2016, The Hague District Court declared the decision by the Permanent Court of Arbitration as invalid and released Russia from obligation to pay $50 billion. Now Yukos former shareholders are trying to dispute that decision in the Hague Court of Appeal.