The committee is expected to return to the issue at its next meeting in June.
In July 2014, Europe’s top human rights court ruled that Russia must pay almost $2 billion to shareholders of the now-defunct energy company Yukos, which was declared bankrupt in 2006 and later absorbed into state-owned Rosneft.
In September 2015, the Committee of Ministers of the Council of Europe called on Russia to provide a plan for reimbursing former Yukos oil company shareholders in line with the European Court of Human Rights’ ruling.
The Russian Justice Ministry refused to follow the ECHR ruling because compliance would violate the Russian Constitution. Russia has appealed the ruling, arguing that it is neither fair nor impartial.