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Russia's Justice Ministry to appeal Dutch verdict in Yukos case

Reuters | Amsterdam | Updated: 18-02-2020 15:40 IST | Created: 18-02-2020 15:28 IST
Russia's Justice Ministry to appeal Dutch verdict in Yukos case
Supreme Court of the Netherland (file photo) Image Credit: Wikimedia Commons

Russia's Justice Ministry said on Tuesday it would appeal a Dutch court's decision to overturn the annulment of a $50 billion award to shareholders in the now-defunct Russian oil giant Yukos in the Supreme Court of the Netherlands.

In April 2016, The Hague's District Court had overturned a decision by the Permanent Court of Arbitration ordering the Russian state to compensate shareholders in the company once owned by fallen oligarch Mikhail Khodorkovsky.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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