MOSCOW, August 18 (RIA Novosti) - Russia may appeal against the Hague Court’s Yukos case decision until October 31, the press service of the Russian Justice Ministry said Monday.
"In accordance with the Convention for the Protection of Human Rights and Fundamental Freedoms and the Rules of the European Court of Human Rights, a motion for a new trial in the Grand Chamber of the European Court may be filed within three months of the date of the court ruling announcement," the ministry told RIA Novosti.
The press service of the ministry explained that the parties may appeal the ruling on the Yukos case against Russia until October 31, 2014.
Yukos, a defunct oil company previously controlled by Mikhail Khodorkovsky, was declared bankrupt by a Moscow court of arbitration back in 2006.
Yukos' managers contended that the Russian government illegally forced the oil firm out of business, which allowed Rosneft to snap up its assets and become Russia’s largest oil producer.
Yukos founder Mikhail Khodorkovsky spent a decade in prison for fraud and tax evasion before being pardoned in December of 2013.
In July, a European Court of Human Rights (ECHR) ruling awarded $2.6 billion in compensation to shareholders of Yukos.
Vladimir Pligin, the chairman of the Russian parliament’s constitution and state affairs committee, said on Monday that the Hague’s decision was merely a means of sanctioning Moscow over its handling of the Ukrainian crisis.
"In accordance with the Convention for the Protection of Human Rights and Fundamental Freedoms and the Rules of the European Court of Human Rights, a motion for a new trial in the Grand Chamber of the European Court may be filed within three months of the date of the court ruling announcement," the ministry said in response to a request by RIA Novosti.
The press service of the ministry explained that the parties may appeal the ruling on the Yukos case against Russia until October 31, 2014.
Yukos, a defunct oil company, previously controlled by Mikhail Khodorkovsky, was declared bankrupt by a Moscow court of arbitration back in 2006.
Yukos' managers contended that the Russian government illegally forced the oil firm out of business, which allowed Rosneft to snap up its assets and become Russia’s largest oil producer.
Yukos founder Mikhail Khodorkovsky spent a decade in prison for fraud and tax evasion until he was pardoned in December of 2013.
In July, a ruling of the European Court of Human Rights (ECHR) awarded $2.6 billion compensation to shareholders of Yukos.
Vladimir Pligin, the chairman of the Russian parliament’s constitution and state affairs committee, said on Monday that the Hague’s decision was merely a means of sanctioning Moscow over its handling of the Ukrainian crisis.
