Businessman Pugachyov files $10 billion lawsuit against Russia

Businessman Sergei Pugachyov has filed a $10-billion lawsuit against the Russian Federation with an arbitration court in the Hague, his lawyers have said.

Businessman Sergei Pugachyov has filed a $10-billion lawsuit against the Russian Federation with an arbitration court in the Hague, his lawyers have said.

Today, Mr. Pugachyov lodged an international lawsuit against Russia with an arbitration court, one of the businessman's lawyers told a press conference in Paris on Sept.22.

The goal of the lawsuit is to receive compensation of $10 billion for the caused damage, he added.

Kremlin spokesman Dmitry Peskov said earlier that investigators' accusations with regard to former Russian banker Sergei Pugachyov were not linked with his personal relations with Russian President Vladimir Putin.

"If I am not mistaken, Pugachyov is on the most wanted list. And, beyond any doubt, such investigative and search measures have nothing to do with his personal or not personal, friendly or not friendly relations," he told reporters.

Peskov offered his comments after being asked about the Kremlin's attitude towards Pugachyov's remarks that his disfavor in Russia was caused by his row with Putin.

"I would not mix these two topics," Peskov said.

The Kremlin spokesman also refused to comment on Pugachyov's $10-billion lawsuit against the Russian leadership.

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