Russian Foreign Minister Sergei Lavrov said on Monday that Moscow could launch an appeal if the Hague's arbitration court rules in favor of a group of shareholders in defunct oil giant Yukos against Russia.
Shortly after his statements, the Permanent Court of Arbitration in The Hague ruled in favor of shareholders in defunct Russian oil giant Yukos, ordering Moscow to pay roughly $50 billion in damages.
"I heard this morning reports that such a verdict is expected," Lavrov told a news conference, saying he would wait for the ruling to be made before commenting.
Lavrov said legal formalities in the case had not been completed, including the right of appeal. "The Russian side, those agencies which represent Russia in this process, will no doubt use all available legal possibilities to defend its position," Lavrov said.
See also:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
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 every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.