The Hague Court of Appeal ruled on Tuesday that the 2016 ruling cancelling the arbitration decision "was not correct," meaning that "the arbitration order is in force again."
The Russian Justice Ministry said immediately after the ruling that it would appeal the court's decision. The Ministry of Justice said the court had ignored the fact that the former Yukos shareholders were not "bona fide investors."
"Control over the assets of this company was obtained through a number of illegal actions, including conspiracy and bribery of officials. During the management of Yukos by the former majority owners, there was massive tax evasion, illegal withdrawal of assets abroad, money laundering, and other illegal actions."The Russian Justice Ministry pointed out that the European Court of Human Rights (ECHR) did not find any political motives in the criminal prosecution of former Yukos executives Mikhail Khodorkovsky and Platon Lebedev and that no compensation would be awarded.















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