Support The Moscow Times!

Berezovsky to Get $1.25M

Roman Abramovich was ordered Thursday to pay £774,000 ($1.25 million) in legal fees to his ex-business partner Boris Berezovsky in a case over Sibneft shares.

The amount was set by the Court of Appeal in London, which then dismissed Abramovich's bid to challenge the fees over possible calculation errors. The same court last month upheld a March 2010 ruling that Berezovsky's $3.5 billion lawsuit over shares of the Russian oil company can go to trial.

Berezovsky claims in the suit that Abramovich used "threats and intimidation" to force him to sell Sibneft shares at a fraction of their value. He sold Abramovich the Sibneft stake for $1.3 billion between 2001 and 2003. In 2005, Abramovich sold Sibneft to Gazprom for $13.1 billion. Berezovsky claims he lost as much as $4 billion on the deal.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.