Russia Faces Fresh $2.5 Billion Penalty In Yukos Case

barely three days after an international arbitration panel’s ruling, the European Court of Human Rights has ordered Russia to pay $2.5 billion in damages to shareholders of the now-defunct Russian oil giant Yukos. The latest ruling is the largest compensation award evermade by Europe’s top human rights court. Russia owes $50 billion damages to Yukos’s shareholders As reported earlier, the arbitration panel in The Hague ruled Monday that Russia owes former shareholders of the defunct Yukos oil company over $50 billion in damages for its seizure of the company. The oil giant was once Russia’s largest oil company, but was…