Statue of Themis, USA. File photoWASHINGTON, Apr 14The U.S. Metropolitan District of Columbia District Court on Wednesday denied a Russian motion to stay $50 billion in Yukos oil company proceedings.
" petition of the Russian Federation", the decision says, a copy of which was placed in the electronic database of the court.
As follows from the document, the delay in the consideration of this case is already significant, and the economic sanctions imposed against Russia eight years after the start of the proceedings prevent ex-YUKOS shareholders from gaining access to Russian assets in the United States if a decision is made in their favor. The court ordered that the Russian side will be able to provide new data in defense of its position no later than April 27, 2022, the ex-YUKOS shareholders — no later than May 11, 2022. In June 2020, Russia filed a petition with the District of Columbia Court to suspend the proceedings in the US Yukos until the case is completed in a Dutch court.The Prosecutor General's Office approved the decision of the Court of the Netherlands in the Yukos case Moscow challenged this decision, and in April 2016 the district court in The Hague declared it invalid. However, in February 2020, an appeals court in the same city still ordered Russia to pay this amount. According to the verdict, Cypriot Hulley Enterprises and Yukos Universal Limited should receive compensation of $39.9 billion and $1.85 billion, respectively, and Veteran Petroleum Ltd . — Yukos pension fund — 8.2 billion dollars. In pursuance of this decision, claims for the recovery of funds from Russia and the seizure of state property have been filed in a number of countries (USA, UK, Germany, India, France and Belgium), since the decision of the Hague Arbitration on compensation requires approval by the national court. In May 2020 It became known that Moscow filed a cassation complaint with the Supreme Court of the Netherlands, in which it demands the annulment of the decision of the Hague Court of Appeal on the suit of the majority shareholders of the former Yukos Oil Company, obliging Russia to pay 57 billion dollars. As specified, the amount increased due to the accrual of penalties.In November 2021, the Supreme Court of the Netherlands overturned the decision to pay more than $50 billion to former Yukos shareholders and returned the case to the Amsterdam Court of Appeal.
US court rejected Deripaska's appeal to lift sanctions against him