13:06 Apr. 12, 2016
Sum includes USD 300mln owed by Arianespace to Russia's space company Roscosmos for Soyuz rockets
France seized USD 700 million in payments to Russian space companies Roscosmos and Russian Satellite Communications in connection with the case of former shareholders of defunct oil company Yukos, The American Lawyer magazine reported Monday.
In total, France has seized Russian assets worth USD 1 billion following the Kremlin's refusal to pay damages to former Yukos shareholders.
In July 2014, The Hague international arbitration court ruled that Russia must pay USD 50 billion for expropriating the assets of Yukos.
The seized assets include USD 400 million owed by French-based satellite provider Eutelsat to the Russian Satellite Communications company and 0 million owned by French space launch provider Arianespace to Russia's Roscosmos space agency, the magazine reported, citing the Shearman & Sterling legal firm which represents the Yukos shareholders. Full story