Dutch Supreme Court denies Russia's appeal against $50 billion Yukos payout

The Dutch Supreme Court on Friday denied an appeal by Russia against a $50 billion arbitration award it was ordered to pay to the former shareholders of now-defunct oil producer Yukos in 2014.

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

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