US court backs 1990s Russian oligarchs ...News

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US court backs 1990s Russian oligarchs
The former owners of the defunct oil major Yukos are seeking $50 billion from Moscow A US court has dismissed Russia’s sovereign immunity defense in the high-profile Yukos case and upheld the enforcement of a $50 billion award to the former shareholders of the now-defunct company, RBK business daily reported on Sunday, citing documents. Energy giant Yukos, once owned by ex-oligarch Mikhail Khodorkovsky, collapsed in 2006 after the company failed to pay billions of dollars in back taxes. According to the report, the US District Court for the District of Columbia has rejected Russia’s request to recognize the $50 bi

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