Hague court orders Russia to pay $50 billion in Yukos case - former Yukos owners

The Permanent Court of Arbitration in The Hague granted the lawsuit filed by former shareholders of the company Yukos and ordered Russia top pay $50 billion, Tim Osborne, the head of the company Group Menatep Limited (GML), said.

The court decision was unanimous, Osborne said.

Osborne also said the court has ordered Russia to pay $60 million in judicial costs.

Osborne said the court has found that the Yukos case was politically motivated that aimed at running the company bankrupt.

In the meantime, Russian Foreign Minister Sergei Lavrov earlier said Russia was using all legal possibilities to defend its interests in the arbitration court in The Hague in the lawsuit filed by Yukos shareholders. 

Read more: Justice Ministry cannot transfer $13,500 to Khodorkovsky under ECHR ruling because of not having his bank account details

All rights reserved by Rossiyskaya Gazeta.