Yukos shareholders win $50B payout

Jul 28, 2014, 7:55 AM EDT
The Yukos logo in Moscow.
AFP/Getty Images

A court in the Hague has awarded shareholders in the defunct Russian oil company Yukos the largest compensation package to date. The Court of Arbitration said Russia should pay $50bn (£29.5bn) in damages. It said Russian officials, under President Putin, had manipulated the legal system to bankrupt Yukos, and jail its boss, Mikhail Khodorkovsky for fraud and tax evasion. Russia's Foreign Minister said Russia would most likely appeal the decision.
Background:
Court orders Russia to pay $50bn to Yukos shareholders [BBC]

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