Russia condemned by a court in Stockholm

Written by Natascia

Sunday, 16 January 2011 12:38

Russia has been condemned by the Court of Arbitration in Stockholm for "illegal expropriation" of the oil giant Yukos cancellation. The latter belonged to Russian tycoon Mikhail Khodorkovsky, considered an enemy of Prime Minister Vladimir Putin, Russian media reported.

The complaint was filed against the Russian government a minority shareholder in Yukos, the British company RosinvestCO UK Ltd, who was awarded compensation of 14.3 million dollars. Padva Ghenrih Russian lawyer who defended Khodorkovsky's interests in his first trial in 2005, welcomed the ruling "civilized." "We can cite a number of arguments to confirm that what happened (with no Yukos) is illegal. From this point of view, we welcome this decision," said Padva, the radio station Echo of Moscow.
According to Vedomosti, if all former Yukos shareholders would gain similar procedures, Russia might have to pay over ten billion dollars. Stockholm tribunal determined that the Russian state was guilty of multiple crimes in Yukos case, said Vedomosti. Judges show that only the group's Moscow accused Khodorkovsky of tax fraud, while other oil companies, which operated in the same way, were not covered, which shows that it is a "discrimination."
Arrested in 2003, Mikhail Khodorkovsky was convicted of economic crimes to eight years in prison in 2005. In December 2010, he was sentenced to an aggregate sentence of 14 years in prison, will remain in prison until 2017. His legal problems are considered by many analysts and Russian opposition to a political deal, orchestrated by then-President Vladimir Putin, who wanted to take control of major oil assets and to bring him to order an independent businessman too, which Opposition finance.

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Last Updated on Sunday, 16 January 2011 12:43