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Sputnik: ECHR Upholds $2.4Bln Compensation for Yukos Shareholders

The European Court for Human Rights (ECHR) has upheld a verdict obliging Russia to pay almost 1.9 billion euro ($2.4 billion) in compensation to former Yukos shareholders, the court said in a communique Tuesday.

The panel of the court’s Grand Chamber earlier told RIA Novosti it was not commenting on its decisions.

The ECHR and the Permanent Court of Arbitration in the Hague have ruled against Russia in a lawsuit filed by former shareholders of the now-defunct oil giant Yukos, and awarded them a compensation of 1.9 billion euro and some $50 billion, respectively.