Sands: the Kremlin is aware of the arrest of shares of VGTRK, will be taken legal measures to protect

MOSCOW, October 29. The Kremlin promised to take all necessary measures of legal protection of Russian property in response to the arrest of shares of VGTRK in French Euronews S. A., which controls the eponymous television channel.

“In the Kremlin know about it being made legal efforts to protect the legitimate interests of the Russian Federation and its property”, – told reporters the President’s press Secretary Dmitry Peskov.

The Kremlin spokesman stressed that “being made and will continue to take all necessary measures to protect the interests of the Russian Federation” to prevent similar cases.

The arrest of the shares in Euronews, owned by VGTRK

As reported in the press service of the VGTRK, the shares of French Euronews S. A, owned by the holding company, were arrested. “We confirm the arrest of our shares, however, until it can no more comment. All the details are at the end of the judicial proceedings”, – noted in press service.

Earlier media reported that the VGTRK-owned 7.5% of the shares of the French Euronews S. A., which manages the eponymous TV channel, were among the assets that people arrested abroad on claims of former shareholders of Yukos.

The Yukos Affair

The permanent court of arbitration in the Hague in July last year ordered Russia to pay nearly $50 billion to companies affiliated with the former shareholders of YUKOS. Russia has already expressed strong disagreement with this decision. As mentioned in the Treasury statement at the end of July last year, the court’s conclusions are in direct conflict with the conclusions of the compositions of the two chambers of the European court of human rights.