Willis Sparks, Eurasia Group, provides insight on the range of economic tools at Russia's disposal.» Read More
*Russia stocks tumble anew after new sanctions, on legal issues. Russia warned the moves would hamper cooperation between the two and undermine the fight against terrorism, although Foreign Minister Sergei Lavrov said on Monday that Moscow would not impose tit-for-tat measures.
*Court orders Moscow to pay $51 billion in Yukos case. MOSCOW, July 28- Shares in Russia's Rosneft fell more than the broad MICEX index on Monday after an international court ordered Moscow to pay $51 billion for expropriating the assets of the now-defunct oil producer Yukos, most of which were acquired by Rosneft in auctions.
LONDON, July 28- Gold fell on Monday, as the dollar approached multi-month highs ahead of a series of economic data and policy releases, but prices held above $1,300 an ounce on heightened tensions between the West and Russia, and violence in the Middle East.
TOKYO— Japan's top government spokesman said Monday that the country is stepping up sanctions against Russia over the unrest in Ukraine. The sanctions include the freezing of assets held in Japan by individuals and groups supporting the separation of Crimea from Ukraine, as well as a ban on Crimean imports, Chief Cabinet Secretary Yoshihide Suga said.
AMSTERDAM, July 28- An international arbitration panel in the Netherlands on Monday ordered Moscow to pay $51.57 billion in damages to shareholders in the defunct oil giant Yukos, saying officials under President Vladimir Putin had manipulated the legal system to bankrupt the company.
*Ruling comes amid turmoil in Ukraine and East-West rift. MOSCOW, July 28- The Hague's arbitration court ruled on Monday that Russia must pay a group of shareholders in defunct oil giant Yukos around $50 billion for expropriating its assets, a big hit for a country teetering on the brink of recession.
LONDON— An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct Russian oil company Yukos over the expropriation of the company more than 10 years ago.
LONDON, July 28- The $50 billion awarded by the Hague's arbitration court against Russia is the largest arbitration award ever, said Tim Osborne, director of the GML group of shareholders which made the claim.
The Permanent Court of Arbitration in The Hague issued rulings in three separate cases which had sought a total of $100 billion from Russia for expropriating Yukos, formerly controlled by Mikhail Khodorkovsky, once Russia's richest man.
Gabriel Stein, director of asset management services at Oxford Economics, says that neither the U.S. nor the EU will implement sanctions likely to deter Russia from supporting the rebels.
HAGUE COURT BACKS SHAREHOLDERS IN DEFUNCT RUSSIAN OIL GIANT YUKOS, ORDERS MOSCOW TO PAY ABOUT $50 BLN.
RUSSIA'S LAVROV TELLS BRIEFING IN MOSCOW HE HAS NO OFFICIAL INFORMATION ON YUKOS RULING, BUT SAYS DOES NOT RULE OUT AN APPEAL.
DONETSK/ KIEV, July 28- After pro-Russian rebels took 720 kg of explosives, 360 detonators and almost 1 km of wiring, the Skochinskiy coal mine, an ageing stalwart of the economy in Ukraine's Donbass region, was put out of action.
Alisa Lockwood, head of Europe/CIS country risk at IHS, says the EU is "not willing" to target Russian revenues from oil and gas.
*Russia has to start paying by Jan. 15 2015- paper. MOSCOW, July 28- Shareholders in defunct oil giant Yukos won a court battle against Russia in one of the largest-ever commercial legal cases, in which Moscow must pay $50 billion for expropriating the assets, Kommersant daily said, citing unnamed sources.
Benedetto Della Vedova, Undersecretary of State at Ministry of Foreign Affairs, Italy, says tougher sanctions on Russia won't affect the Italian economy.
MOSCOW, July 28- The Permanent Court of Arbitration in the Hague will announce on Monday that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.
Viktor Shvets, Head of Strategy Research, Asia at Macquarie, says ongoing geopolitical tensions may go on "for years or even decades", which will drive oil prices higher.
SYDNEY, July 28- The U.S. dollar hovered near six-month highs against a basket of major currencies early on Monday, holding onto solid gains made last week as investors turned bearish on the euro.
July 28- The Permanent Court of Arbitration in The Hague will on Monday announce that Russia must pay $50 billion to former shareholders of the defunct oil company Yukos, Russian business daily Kommersant reported on its website, citing unnamed sources. The newspaper said Russia was expected to appeal against the ruling.