Iconic Russian state-owned vodka brands to be auctioned June 17th. Click here for more information.
Fight for justice
Time for justice to be done
The Yukos case is a litmus test for the rule of law. Yukos Oil was intentionally bankrupted by the Kremlin in 2003 for political reasons. In 2014, an independent Arbitration Tribunal in The Netherlands ruled unanimously that the expropriation was illegal and awarded the former majority shareholders in excess of $50 billion in compensation. The decision of the Tribunal has been upheld by the Dutch courts. But since the Kremlin refuses to pay the more than $50 billion in damages or even negotiate in good faith, the former shareholders must enforce the Awards against Russian State assets abroad to get their rightful compensation.
The Kremlin continues to use every trick in the book to avoid payment and keep the former shareholders mired in court proceedings in the hope they will ultimately give up the fight. But they won’t. They will hold the Kremlin accountable for this crime. Their victory not only secures justice for them, but proves to the world that kleptocrats cannot escape justice in the West.
