Support The Moscow Times!

Win for Yukos Shareholders

In a landmark case, the Arbitration Institute of the Stockholm Chamber of Commerce has fined the Russian government $3.5 million in damages, to be paid to Yukos shareholder RosinvestCo UK Ltd., Vedomosti reported Thursday.

The institute does not publish its rulings, but RosinvestCo representatives confirmed winning the compensation, though the court slashed the sum from the $75 million the company requested, saying it purchased the shares when Yukos already faced tax claims.

The ruling confirms that other shareholders of the now-defunct oil company can sue Russia for compensation, the report said. Moscow tried to challenge the right of the Arbitration Institute to review the case, but lost the suit in Sweden’s Supreme Court earlier this month.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more