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Topic: Arbitration court orders Russia to pay $50bn in Yukos case - convenient timing? (Read 2730 times)

legendary
Activity: 1680
Merit: 1014
Here is a much-needed in-depth background on the Yukos case:

YUKOS: Murder Incorporated, and the EU Schizophrenia
http://futuristrendcast.wordpress.com/2014/08/03/yukos-murder-incorporated-and-the-eu-schizophrenia/

Some quotes:

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YUKOS is the former company of the ex-Russian Jewish oligarch and ex-convict Mikhail Khodorkovsky, who was released from jail on December, 2013, as a result of the Russian Presidential pardon based on humanitarian reasons. Incidentally, the main beneficiary of the $50bln YUKOS compensation would be another oligarch and Khodorkovsky’s crony, Leonid Nevzlin, who is wanted for 5 murders in Russia. Nevzlin managed to escape justice by fleeing to Israel, where he is presently hiding. He would be the recipient of the 70% of the $50bln judgement against the Russian State, should this ever come to pass. The recipients of the remaining 30% would be 4 other Russian oligarchs, hiding somewhere in London, I presume. Isn’t that nice! They want to keep it all in the family!

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It has also been proven that the ex-CEO of YUKOS, Mikhail Khodorkovsky, bought the members of the Russian Duma and plotted a coup to overturn the Russian government, changing the Russian state structure. He and his cronies wanted to make Russia a parliamentary republic instead of the existing presidential republic – all this to unseat Putin, who even in mid-2000 was too big of a threat for the NWO and Transatlantists.

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Why did the EU suddenly decide to resurrect the old lawsuit, which was thrown out previously by the EU courts, and why did they decide to jack up damages from previous $1.2bln to the arbitrary $50bln?
legendary
Activity: 3108
Merit: 1359
In the meantime, the liberal 5th column in Russia started whining and scaring people with the Yukos court outcome and that defending Russian interests in general will be too costly to Russia, so it is better to just succumb and let US do whatever they like....
http://rusvesna.su/news/1406634217
Ahaha I see some bullshit authored Aleksei Kudrin... Cheesy

http://www.nytimes.com/2011/09/27/world/europe/dmitri-medvedev-fires-aleksei-kudrin-russian-finance-minister.html?_r=0

Looks like he still cries on his dismissal from the post of Minister of Finance.
legendary
Activity: 1680
Merit: 1014
Russia ordered to pay $2.5 bn to Yukos shareholders
http://rt.com/business/177028-yukos-european-court-human-rights/

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Russia must pay $2.51 bn (€1.87 bn) in compensation to the former shareholders of Yukos, once Russia's largest private oil company, for unfair tax proceedings. The European Court of Human Rights has also ruled Russia must pay €300,000 in legal costs.

Russia will also need to produce “a comprehensive plan for distribution of the award of just satisfaction” within the coming six months, according to the ruling published Thursday.

So, a tax evader, who invested in a fraudulent company should get compensation because his investment should have been a risk-free 1000% profit?

Also, again, very convenient timing for this second ruling from another court, as if orchestrated.

It looks like "the right to defraud a county" is now a part of human rights, if that case was treated in the Human Rights court.
legendary
Activity: 1680
Merit: 1014
Yukos shareholders have graciously agreed to negotiate with Russian government as long as it behaves itself reasonably:
http://ria.ru/economy/20140729/1018013990.html

Russia is going to appeal, as the court was not qualified to handle this case.

In the meantime, the liberal 5th column in Russia started whining and scaring people with the Yukos court outcome and that defending Russian interests in general will be too costly to Russia, so it is better to just succumb and let US do whatever they like....
http://rusvesna.su/news/1406634217
legendary
Activity: 3766
Merit: 1217
What a load of BS. Russia is not even going to listen to this. It is well known to everyone that Mikhail Khodorkovsky and his friends are hardcore criminals, who looted billions of dollars from the Russian treasury. A part of the loot ended up in Israel and other Western nations. Putin should be commended for taking strong steps against these criminal oligarchs.
hero member
Activity: 728
Merit: 500
$65 billion in court costs? that seems absurd even to an American. But even that soon will not be a problem, why?

Oil will soon be at $200+ a barrel.... Because Libya is not shipping oil and will not be for some time - years, or Iraq, or Syria. Sudan is again spiraling into civil war. Boko Haram will take down production in Niger. But when ISIS turns on KSA, the middle east taps will all but be closed - save for Iran which will be shipping to China, as will Venezuela and Russia. The US will not Frack itself out of this mess it created let alone the EU.

65 billion? Just how many millions of man hours they have spend there? What if all that time could have been used to something productive?
hero member
Activity: 588
Merit: 501
It is a convenient timing and one way to pressure Russia and that's goes without saying, is it deserved or not? I don't know, it's impossible, but again other countries including the US does such practices and goes away with it, well I guess it's all about geopolitical power
sr. member
Activity: 350
Merit: 250
I'll have to give Russia some credit for trying to handle this US/West stand off against them with diplomacy by trying to form partnerships with other communities around the world. Handshakes as opposed to blowing up infrastructures killing women and children. But, one thing for sure, you can't use diplomacy against a foe when diplomacy is never a part of a foe's game plan. That's why it may be the reason why someone invented the term fighting fire with fire.
legendary
Activity: 1596
Merit: 1000
50B? Does anyone really expect Putin to pay?
don't think so!
sr. member
Activity: 364
Merit: 250
$65 billion in court costs? that seems absurd even to an American. But even that soon will not be a problem, why?

Oil will soon be at $200+ a barrel.... Because Libya is not shipping oil and will not be for some time - years, or Iraq, or Syria. Sudan is again spiraling into civil war. Boko Haram will take down production in Niger. But when ISIS turns on KSA, the middle east taps will all but be closed - save for Iran which will be shipping to China, as will Venezuela and Russia. The US will not Frack itself out of this mess it created let alone the EU.
legendary
Activity: 3108
Merit: 1359
I'm buying their fine for $1.
sr. member
Activity: 518
Merit: 250
50B? Does anyone really expect Putin to pay?

Of course not, I think even the court isn't expecting anything.. it's just propaganda.
full member
Activity: 165
Merit: 100
50B? Does anyone really expect Putin to pay?
legendary
Activity: 1680
Merit: 1014
Its a political decision, especially at the moment. I don't think Russia will even bother to reply to it.

Right, exactly at this time they order to pay $50 billion - while at the same time, the west is a war with Ukraine.

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Didn't know Russia was in EU...

Don't know that you can judge problem in foreign jurisdiction ?

As an American I may be misinformed, but European laws do not apply in Russia as far as I know.


...unless Russian Parliament ratifies some international agreements or treaties with EU, which is not the case here.
sr. member
Activity: 518
Merit: 250
Its a political decision, especially at the moment. I don't think Russia will even bother to reply to it.

Right, exactly at this time they order to pay $50 billion - while at the same time, the west is a war with Ukraine.

Quote
Quote
Didn't know Russia was in EU...

Don't know that you can judge problem in foreign jurisdiction ?

As an American I may be misinformed, but European laws do not apply in Russia as far as I know.
full member
Activity: 154
Merit: 100
Its a political decision, especially at the moment. I don't think Russia will even bother to reply to it.
legendary
Activity: 1680
Merit: 1014
the Energy Charter Treaty
That is not ratified in Russian Federation.

Pretty much this. An article from 2006:

Why Russia refuses to ratify Energy Charter
http://en.ria.ru/analysis/20060407/45451331.html
sr. member
Activity: 350
Merit: 250
the Energy Charter Treaty
That is not ratified in Russian Federation.
legendary
Activity: 1680
Merit: 1014
That sum, together with the "legal fees" constitute 1/5th of Russia's total currency reserve. Payable to people who didn't have a cent to their names before the fall of USSR and subsequent robbing of Russia's natural resources.

This article is an interesting read with regard to the overall picture:
http://rt.com/op-edge/176068-eurasia-new-great-game-war/
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