YUKOS Oil Company (fka YUKOY)

[NYBob]

Russia warns it will retaliate after assets seized in Yukos case
Moscow says it may target state-linked foreign firms after accounts frozen in Belgium and France over compensation claims by oil company shareholders -

http://www.theguardian.com/business/2015/jun/19/russia-warns-it-will-retaliate-after-assets-seized-in-yukos-case

Last year, the permanent court of arbitration in The Hague ruled that Moscow had forced Yukos into bankruptcy with excessive tax claims before selling its assets to state-owned firms.

It ordered Russia to pay Yukos shareholders a record $50bn in compensation.
Russia was told to pay compensation to shareholders in subsidiaries
of Gibraltar-based Group Menatep, through which
Khodorkovsky ran Yukos.

The group exists today as holding company GML, although Khodorkovsky is no longer involved and is not a party to the compensation claim.

GML’s Osborne said that proceedings were “already under way in Britain and the United States and further countries will follow”.

He said legislation in Belgium and France made it easier to freeze assets pending the outcome of the Yukos compensation dispute.
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