Russia can refuse to pay $50 billion bill to Yukos oligarchs, country’s top court rules, as international legal battle rages on ...News

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Russia can refuse to pay $50 billion bill to Yukos oligarchs, country’s top court rules, as international legal battle rages on
Moscow is set for a showdown with Western judges and 1990s Russian oligarchs, over a new ruling enabling the country to refuse to pay what is considered to be the biggest legal settlement in history, over a collapsed oil empire. The Constitutional Court, one of Russia’s highest judicial authorities, ruled on Friday that the decision of an international tribunal in the long-running dispute over the now-dissolved energy giant Yukos is incompatible with Russian law. The case has been heard by a court in The Hague, which claims jurisdiction under the terms of the Energy Charter Treaty, and awarded the company’s former shareholders a $50-bi

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