Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Yukos Capital Wins in Court Dispute With Rosneft Subsidiary

The Federal Court of New York has ruled in favor of Luxembourg-based Yukos Capital, which is seeking to enforce an earlier decision handed down by the International Court of Arbitration to recover more than 3 billion rubles ($91 million) lent to Rosneft subsidiary Samaraneftegaz, Vedomosti reported Friday.

The dispute originated over a 2.4 billion ruble loan granted to by Yukos Capital in 2004. Samaraneftegaz was Yukos's subsidiary until 2007 and currently is part of state oil giant Rosneft.

In 2006, Yukos Capital filed a suit against Samaraneftegaz at the International Court of Arbitration acting under the auspices of the International Chamber of Commerce, which in August of 2007 ruled to repay the Luxembourg-based company the full amount of the loan, as well as 665 million rubles of accrued interest and $719,000 of court fees and legal expenses.

Yukos Capital has been unsuccessfully trying to enforce that decision in Russian arbitration courts since 2010.


… 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