Justice Ministry challenges ECHR ruling in Yukos case
MOSCOW. Oct 29 (Interfax) - The Russian Justice Ministry has sent a complaint to the European Court of Human Rights (ECHR) against its ruling which compels Russia to pay 1.86 billion euro in damages to former Yukos shareholders, the ministry's spokesperson said.
"In accordance with the provisions of Article 43 of the Convention on Human Rights and Fundamental Freedoms, the Russian Justice Ministry has today forwarded a motivated petition to the ECHR about handing over for consideration and review by the Grand Chamber of the European Court of the ruling made earlier by a lower ECHR body in the Yukos v. Russia case, compelling Russia to pay over 1.8 billion euro to the former shareholders of this liquidated company," the ministry said in a press release obtained by Interfax on Wednesday.
Russia's legal position set out in the relevant procedural document "is based on the fundamental principles and norms of the Convention, which were confirmed by the well-established precedent-setting practice of the ECHR, and demonstrates the baselessness of the conclusions made by its lower body in the July 31, 2014 ruling," the document said.
It emerged on July 31, 2014, that the ECHR ordered Russia to pay 1.86 billion euro in damages to former Yukos shareholders. The court also compelled Russia to pay 300,000 euro in compensation of their legal fees.
Earlier in July another court of arbitration in The Hague ruled in favor of the Yukos shareholders by compelling Russia to pay $50 billion.
