Shareholders in the now defunct Russian oil giant Yukos have seized Netherlands-based assets of two well-known vodka brands controlled by the Russian state in their most recent legal move to obtain $57 billion in damages from Moscow.
On February 18, The Hague Court of Appeal reinstated an order of the Permanent Court of Arbitration, which obliged Russia to pay more than $50 bln to the companies associated with former Yukos shareholders in 2014.
Prime Minister Hun Sen on Monday said Russian Ambassador to Cambodia Dmitry Tsvetkov has pledged to support Cambodia as it moves towards a free trade agreement (FTA) with the federation.
Cambodia and Russia have pledged to increase bilateral trade and investment as the Kingdom aims to diversify its market through the Eurasia Economic Union (EAEU).
South Korea launched another round of trade talks with Russia to flesh out details on the two country’s pending free trade agreement (FTA) in the service and investment segments.
The Russian Federation supports the "One Belt, One Road" initiative and China supports the integration process within the framework of the Eurasian Economic Union.
Opening a long-pending multi-modal transportation corridor via Iran will be a big boost for bilateral trade between Russia and India, but it’s not just the economy at stake. This is a bold move against the threat of US sanctions.
Ukraine’s joint stock oil and gas company Naftogaz said the group seeks nearly $8 billion of compensation for its assets expropriated by Russia in Crimea.
When it issued three interim awards for Yukos, the arbitral tribunal noted that the principle of provisional application of treaties was recognized under Russian law.
A Dutch appeals court reinstated an international arbitration panel’s order that it should pay $50 billion compensation to shareholders in former oil company Yukos.
Russia would like to sign a new trade agreement with the United Kingdom after its departure from the European Union. However, it is premature to talk about this now.
Moscow hopes to show global heavyweights take its bloc seriously. India’s exit from the RCEP could pave the way for it to sign an agreement with the EAEU instead.
South Korea said it plans to hold the 3rd round of FTA negotiations with Russia in the service and investment segments this week, as the country endeavors to diversify its trade portfolio amid protectionism.
Ukraine settled an investment-treaty arbitration with Russian gas company Gazprom.
The Swiss Federal Court has ordered Russia to pay CHF80 million ($82.1 million) in damages to 12 Ukrainian firms confiscated after the 2014 annexation of Crimea.
The EAEU is shopping for partners in Asia. Middle finger to the West or sound trade policy?
While the geopolitical tensions remain, the legal landscape continues to evolve. It seems likely that more claims will be brought in each direction.
This agreement includes 862 products, with 360 related to Eurasian Economic Union (EAEU) and 502 to Iran.
The Supreme Court of Russia denied a motion lodged by Ukraine demanding reconsideration of a ruling in Ukraine’s $112 million dispute with Russia’s Tatneft oil company.
The Rouhani administration and parliamentarians alike are eager to implement policies that may help bolster Iran’s economy as sanctions cause a sharp recession.