Russia does not recognize the jurisdiction of the Permanent Court of Arbitration in The Hague, as it is not a signatory to the European Energy Charter, and it will defend its position in other courts in due procedure, Russian President Vladimir Putin said.
"There can't be an absence of reaction, we will defend our interests," Putin said at a meeting with the chiefs of international news agencies at the St. Petersburg International Economic Forum (SPIEF).
"As for this litigation, our position is well-known: The Hague Court of Arbitration's jurisdiction applies only to the countries that have signed and ratified the European Energy Charter," Putin said.
"Russia hasn't ratified this charter, and therefore we don't recognize this judicial body's jurisdiction. We will be proving it in due process through judicial procedures," Putin said.
"There is nothing new in the Yukos shareholders' trying to get extra money from Russia. We dealt with similar manifestations earlier both on the part of this company and on the part of other of our partners, including European partners and international companies," he said.
"We will be defending our interests within the framework of a civilized legal process," Putin said.
Asked to clarify what steps Russia could take to defend its interests, Putin said, "This is an issue of a legal nature, and we'll think how to arrange this."
"It's our lawyers who should be asked what they are going to do in particular. There'll be no secrets here whatsoever," Putin said.
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