18:07 GMT +317 November 2019
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    The Yukos office building. (File)

    Council of Europe Urges Russia to Draft Plan of Payments on Yukos Case

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    The European Council Committee of Ministers on Thursday insisted on the soonest drafting of a payment plan on the Yukos case by Moscow.

    MOSCOW (Sputnik) — The Committee of Ministers of the Council of Europe on Thursday insisted on the soonest drafting of a payment plan on the Yukos case by Moscow, a committee's resolution obtained by RIA Novosti reads.

    The current committee meeting in Strasbourg is focused on the examining of the fulfillment of the rulings by the European Court of Human Rights (ECtHR). According to the resolution, the committee plans to return to reviewing the case in December.

    Moscow's court of arbitration declared Yukos bankrupt in 2006. State-run Rosneft subsequently purchased about 80 percent of the company's assets.

    In 2014, the ECtHR instructed Russia to pay former Yukos investors nearly 1.9 billion euro ($2.16 billion at the current exchange rate) for violating their right to judicial relief and a fair trial. The ECtHR board rejected an appeal by the Russian Justice Ministry, which stated the ECHR decision was neither fair nor impartial.


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    European Union, payment, case, bankruptcy, Yukos, Council of Europe, Russia
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