12:26 GMT +321 February 2019
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    Council of Europe Urges Russia to Cooperate on Yukos Case - Source

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    The Council of Europe's ministerial committee urged Russia to fully cooperate in the Yukos oil company case, a source in the committee told RIA Novosti.

    MOSCOW (Sputnik) — The Committee of Ministers "reiterated the call for the Russian Federation to fully cooperate on this matter and to continue the dialogue with the Committee of Ministers and the Secretariat for the implementation of the [court] decision in accordance with Article 46 of the [European] Convention," the source said after the committee meeting, where "the implementation of the European Court of Human Rights decisions, including the decision of the court on the 'Yukos case' was considered."

    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.


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