Wednesday, February 19, 2020

Rosneft: Pay Up the $50 Billion Award

     Well, sometimes in court, you win.  Some times you lose.  In the court of public opinion, you can lose a second time.  A Dutch court reinstated an order that Russya pay $50 billion to shareholders of former oil giant Yukos, which was headed by Mikhail Khodorkovsky, a critic of Mr. Putin.
     Yukos went bankrupt in 2006 after a disagreement with Kremlin and ordered to pay taxes.  State oil company took over the assets of the company and Mr. Khodorkovsky went to jail for 10 years after being arrested in Moskova.  This decision overturned a earlier decision in favor of four plaintiffs, none of whom were Mr. Khodorovsky.  Russyan officials say they will appeal.
     Oh, well.  Better than nothing,

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