Russia hired for a dispute with Ukraine old friends in the “case of Yukos”


Russia’s interests in the trial with Ukraine at the suit of non-payment of $3 billion in debt is an international law firm Cleary Gottlieb Steen & Hamilton, said the assistant Finance Minister Svetlana Nikitina. Earlier today the Ministry of Finance has filed a lawsuit against Ukraine in London’s High court about the non-repayment of $3 billion.

Cleary Gottlieb is well known to the Russian government. It defended the interests of the Russian Federation in the famous arbitration in the Hague on the “Yukos affair,” which lasted almost a decade and ended in the defeat of Russia and her lawyers. The Hague arbitration in July 2014 was awarded to the former shareholders of Yukos more than $50 billion compensation. For the services of Cleary Gottlieb and her partner — Baker Botts — Russia spent $27 million After losing arbitration in the Hague Russia refused further services Cleary.

Cleary Gottlieb also represented the interests of “Rosneft” in the judicial proceedings in the “case of Yukos” until a settlement agreement with former group companies YUKOS, which “Rosneft” has signed in March 2015.

On the Russian market Cleary since 1991: it is, in particular, was a consultant IPO “the Megaphone” and “Tape” helped “Rosneft” buy TNK-BP. Since the late 1990s, Cleary Gottlieb has successfully defended Russia, beating off the attempts of the Swiss company Noga to collect from the Russian Federation $63 million at the decision of the Stockholm arbitration.

The representative of the Ministry of Finance of Ukraine could not confirm the fact of filing of the claim of the Russian, as well as the representative of the Royal court in London (Royal Courts of Justice).

Russia’s Finance Ministry on Wednesday filed a lawsuit against Ukraine in London’s High court to recover the debt at $3 billion, not paid by Kiev in December 2015, said Finance Minister Anton Siluanov. He indicated that Kiev was not ready to negotiate on the settlement of debt. The conversion of Russia to the court, the Minister said that the only solution in this situation. “We have many times declared its readiness to discuss the possibility of bilateral amicable settlement of the question of repayment by Ukraine of its obligations before Russia. But, unfortunately, Ukraine was not ready to negotiate in the spirit of “good will”, so called not only we, but also the IMF,” Siluanov said.