Ex-head of Yukos Mikhail Khodorkovsky commented on the decision of the district court of the Hague on cancellation of payment of Russia’s $50 billion to shareholders of the company.
“The West has decided to release the pressure. My friends will continue the confrontation. I was going to regime change the other way,” — wrote Khodorkovsky in his Twitter.
Earlier press-Secretary of Khodorkovsky declined to comment on the court decision, as the ex-head of Yukos is not included in the number of beneficiaries of this lawsuit, informed the radio station “Moscow speaking”.
On Wednesday, district court of the Hague reversed the decision of the Permanent court of arbitration, which in 2014 ordered Russia to pay $50 billion to former shareholders of Yukos — the companies Hulley Enterprises, Yukos Universal and Veteran Petroleum. The court agreed with the arguments of Russia and acknowledged that the arbitral Tribunal had jurisdiction to consider the dispute under the Energy Charter Treaty, which Russia has signed but not ratified.
As stated in the court decision, the company Hulley Enterprises, Yukos Universal and Veteran Petroleum should pay Russia the legal costs, which amount to €16,8 thousand
Former Yukos shareholders have already said they will appeal the court’s decision in the Hague, which, according to the representative of the former shareholders of Yukos, was “unexpected”. As stated by Tim Osborne, head of GML, which represents the interests of the former majority shareholders of Yukos, the plaintiffs still believe the correct solution 2014 on payment of compensation of $50 billion for “politically motivated destruction of Yukos”.
The Kremlin welcomed the decision of the court in the Hague. “We can say that we welcome the decision of the district court of the Hague appeal of the Hague [arbitral] Tribunal,” said the President’s press Secretary Dmitry Peskov journalists, the correspondent . Peskov stressed that the decision of the district court of the Hague cancelled for the first time in 20 years.