: Moscow Times: France seizes USD 700mln of money owed to Russian companies over Yukos lawsuit

13:06 Apr. 12, 2016

Moscow Times: France seizes USD 700mln of money owed to Russian companies over Yukos lawsuit

In this photo provided by NASA, the Russian Soyuz TMA-19M spacecraft is rolled out by train to the launch pad that will carry new crew to the International Space Station (ISS) in the Russian leased Baikonur cosmodrome, Kazakhstan, Dec. 13, 2015. (AP Photo

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.

Read also The land of the Russian Orthodox Centre in Paris arrested on Yukos shareholders' claim

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


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