Russia bankrupted Yukos deliberately, rules Dutch court

09 May 17

DW News Deutsche Welle (DW)

Russia knowingly plunged the oil giant Yukos into bankruptcy in 2006, according to a Dutch appeals court. Its verdict could benefit former shareholders of a Dutch subsidiary, Yukos Finance BV.

Amsterdam’s Appeals Court found on Tuesday that Russia imposed far too much tax on Yukos, once owned by Mikhail Khodorkovsky, an exiled critic of President Vladimir Putin.

A curator appointed to sell off shares did not have the right to do so, the court concluded as part of a long-running battle over the subsidiary’s assets.

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