Dutch court denies Russia's appeal against $50 bln Yukos payout

A Dutch court on Tuesday denied an appeal by Russia against the arbitration award of $50 billion it was ordered to pay to the former shareholders of now defunct oil producer Yukos in 2014.

The ruling came after years of legal wrangling in Dutch courts following the original arbitration tribunal ruling, that found Moscow had violated its international obligations by taking actions designed to bankrupt Yukos, formerly Russia's largest oil company.