Russia won't make any payments under The Hague-based Arbitration Court ruling on Yukos

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Russia won't make any payments under The Hague-based Arbitration Court ruling on Yukos - minister

ST. PETERSBURG. June 18 (Interfax) - Russia rules out the possibility that it will pay any money under a ruling by the Permanent Court of Arbitration in The Hague, which obliged Russia to pay nearly $50 billion to companies affiliated with former Yukos shareholders.

"I absolutely rule this out," Russian Economic Development Minister Alexei Ulyukayev told journalists on Thursday.