Netherlands top court upholds US$50 billion compensation suit against Russia

THE Netherlands’ top court ruled today that shareholders in dismantled oil giant Yukos can continue to pursue Russia for US$50 billion (RM203 billion) in compensation pending a final judgement in a long legal saga.

Russia was ordered to make the payout in 2014 by the Hague-based international Permanent Court of Arbitration (PCA), but has been challenging the case ever since through Dutch courts.