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Russia Ordered to Pay $50 Billion in Yukos Case

Russia has been ordered to pay $50 billion to former majority shareholders in the Yukos oil company. An arbitration court in The Hague Monday said Russia acted in a "devious and calculated" manner when it seized Yukos' assets in 2003 and imprisoned company CEO Mikhail Khodorkovsky that year. Once Russia's richest man, Khodorkovsky controlled Yukos through the holding company that successfully sued Russia, but in which he no longer has an ownership interest. The...

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