Tomas Fiala, CEO of Dragon Capital, comments on the day's events in Ukraine, which include the resignation of the Ukrainian prime minister.» Read More
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, 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.
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.
*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.
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.
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.
HOUSTON, July 27- A tanker carrying crude oil from Iraqi Kurdistan was cleared by the U.S. Coast Guard to unload its cargo at sea off Texas on Sunday as a State Department official signaled Washington would not intervene to block delivery of the controversial crude.
BERLIN— Europe should take aim at rich businesspeople who support Russia's government as it increases pressure on Moscow over its actions in Ukraine, Germany's vice chancellor said Sunday.
The Marshall Islands- flagged tanker United Kalavrvta sailed from the Turkish port of Ceyhan in June bound for the U.S. Gulf Coast despite Washington's concerns over independent oil sales from the autonomous region and threats from the Iraqi central government.
*Russia dismisses US charges it will supply more missiles. DONETSK, Ukraine, July 27- A Ukrainian push to dislodge pro-Russian rebels from the site of the downed Malaysian airliner further complicated plans for an investigation on Sunday as Europe and the United States prepared economic sanctions on Russia over the conflict.
*Washington warns more heavy weapons crossing to conflict zone from Russia. KIEV/ DONETSK, Ukraine, July 27- As Ukrainian troops gained ground in eastern Ukraine in early July, separatist leader, Aleksander Borodai, a Russian national, left for Moscow for political consultations.
*Economic sanctions loom for Russia. FRANKFURT, July 27- With the prospect of stiffer sanctions against Russia rattling confidence in Europe, investors will be looking to the United States and China to underpin the global economy.
LONDON— An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
HOUSTON, July 26- A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington's concerns about independent oil sales from the autonomous region.
KIEV/ DONETSK, Ukraine, July 26- Ukrainian President Petro Poroshenko said on Saturday his country was not fighting a civil war in its east but was fighting "foreign mercenaries", hailing soldiers for forcing pro-Russian rebels out of several towns and cities.