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Tuesday 01.09.2015 | Name days: Ilmārs, Iluta, Austrums

Person close to Putin: Why pay Yukos, if there's war coming to Europe?

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUShareholders of defunct Russian oil giant Yukos still might have to struggle for reiceiving the 37-billion-euro compensation from Russia, as ruled on July 28 by the Hague’s Permanent Court of Arbitration.

The sum, equalling 2.5% of Russia’s GDP, can be a serious blow to Moscow, especially at a time when Kremlin’s key sources of income in engery and financial sectors are targeted by European Union and U.S. sanctions.

British daily Financial Times evaluates that currently Russia is not too concerned about its reputation abroad, therefore it might ignore the non-appealable ruling and avoid paying the compensation.

In this respect, Financial Times asked a person close to Russian President Vladimir Putin to comment on the issue. The preson said: «There is a war coming in Europe,Do you really think this matters?»

If the ruling, which can be overruled by a Dutch national court, stands, shareholders face a long battle trying to enforce it. If Moscow refuses to pay the compensation, they must pursue Russian sovereign commercial assets in the 150 countries that are signatories to the so-called 1958 New York Convention on enforcing arbitration awards.

Ref: 111.111.111.1365


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  1. mike walsh says:

    I QUOTE: (Russian) Deputy Foreign Minister Vladimir Titov warned last month would lead to an immediate Russian response by his stating:
    “We cannot see such a build-up of the alliance’s [NATO’s] military power near the border with Russia as anything else but a demonstration of hostile intentions.

    It would be hard to see additional deployment of substantial NATO military forces in central-eastern Europe, even if on a rotational basis, as anything else but a direct violation of provisions of the 1997 Founding Act on relations between Russia and NATO.

    We will be forced to undertake all necessary political and military measures to reliably safeguard our security.”

    Thumb up 0 Thumb down 0

    • jj says:

      So?

      Are you yourself trying to say something the slightest bit relevant to Yukos?

      Thumb up 0 Thumb down 0

    • what the?? says:

      Who is this Mike Walsh and does he have any clue what he is talking about??

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    • Linda says:

      the tension in Europe is of Russia’s making. NATO states and their allies prefer to live peacefully in the 21st century. If Russia wants to be highly thought of, sought after then stop behaving like a rogue state. I hope Russia implodes internally then the fenno-ugric tribes may all have a say in their own futures instead of dancing to Muscovy’s tune!!

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  2. Brian says:

    I think Mike is provided with responses issued by the Russian propaganda section, to be placed randomly.

    Any relevance to a specific article is purely accident.

    Thumb up 0 Thumb down 0

  3. B says:

    Mike Walsh is a paid russian propagandist.
    He doesnt have any clue of what he is talking about because he doesnt know any better.
    Walsh lives in a totalitarian country, run by a paranoid ex-kgb agent, where real journalists are murdered if they dont toe the party line.
    Anyone from the free world would be amazed at the nonsense that he writes.

    Thumb up 0 Thumb down 0

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