Yukos


OJSC "Yukos Oil Company" was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s. 

Between 1996 and 2003 Yukos became one of the biggest and most successful Russian companies, producing 20% of Russia's oil output, as much as Libya or Iraq, and Khodorkovsky became an advocate of democratization, international co-operation and Russian reform. In October 2003 Khodorkovsky—by then the richest man in Russia and 16th richest man in the world—was arrested, and the company was forcibly broken up for alleged unpaid taxes shortly after and declared bankrupt in August 2006.

Courts in several countries later ruled that the real intent was to destroy Yukos and obtain its assets for the government, and act politically against Khodorkovsky. In 2014 the largest arbitration award in history, $50 billion (€37,2 billion), was won by Yukos' former owners against Russia.
 

The Region group Fund received 3.5 hectares previously owned by Yukos in the center of Moscow

Business27.07.2018

The GK Region Foundation received 3.5 hectares in the center of Moscow, formerly owned by Yukos. On them, Ingrad developer Roman Avdeev will build a residential block.

$5 billion for Crimean assets: Naftogaz filed a new lawsuit in The Hague against Russia

Governance21.09.2017

To protect its interests, the Ukrainian oil and gas holding turned to a legal company that represented the interests of former Yukos shareholders in a dispute with Russia for $50 billion.

London's prisoner: Russian authorities have dropped charges from Yukos ex-lawyer Dmitry Gololobov

Society24.05.2017

Gololobov himself spoke about the decision of the authorities; he earlier gave testimony in favor of Russia.

Irish money launderer Khodorkovsky

Business24.11.2016

Khodorkovsky asked Irish court to unfreeze his €100 million.

Yukos loop: what showed the court in The Hague

Governance21.04.2016

The judges agreed that the claim of the former Yukos shareholders can not be considered in international arbitration, but it's too early to draw the line in the legal proceedings. 

Yukos shareholders were deprived of 50 billion

Governance20.04.2016

The arrest of the Russian assets has been stopped.

Yukos case reached the orbit

Society12.04.2016

France arrested the space assets worth $700 million.

Khodorkovsky — RBC: "Irremovable government is bad not because of Putin"

Governance17.12.2015

The former head of Yukos, Mikhail Khodorkovsky, is the defendant in the newly discovered case of the murder of the mayor of Nefteyugansk. In an interview with RBC, he spoke about the new claims of investigators and training of politicians independent from the Kremlin.

Mikhail Khodorkovsky is put on the federal wanted list

Crime09.12.2015

The former head of Yukos is accused in absentia for the murder of the mayor of Nefteyugansk.

Russia has created a single command center to deal with Yukos shareholders

Society30.10.2015

Russia's fight with the former shareholders of Yukos is now concentrated in a single "command center"; it is a virtually unknown autonomous non-profit organization led by former diplomat, which was created in 2015.

Russian assets in Belgium arrested on the claim of Yukos

Society18.06.2015

Russia is going to pursue it at court. 

Rosneft filed the Yukos case

Business02.04.2015

The first peaceful settlement was reached in a years-long conflict. 

Russia has found an error in the amount of $21.7 billion in the decision of the Hague Court on Yukos

Society10.02.2015

The former owners of Yukos had no right to sue Russia in the Hague, the international arbitration awarded them "extra" $21.7 billion of compensation, and Vladimir Putin meant something different. RBC studied the appeal of Russia in the Yukos case.

Rediscovering Russia: what Khodorkovsky did over the year at liberty

Society22.12.2014

Yukos founder did not come back into the business, but began to actively develop social and political projects. What are his results on the eve of the first anniversary of his pardon?

Russia will not hasten up to pay compensation to Yukos shareholders

Business18.12.2014

Despite the entry into force of the relevant decision of the European Court of Human Rights.

Sechin spoke about the "desire" of Khodorkovsky and Nevzlin to take revenge

Business01.09.2014

President of Rosneft Igor Sechin gave an interview to the German weekly magazine Der Spiegel. Calling it perhaps the second most influential, after Vladimir Putin, man in Russia, the newspaper notes, "Sechin's opponents consider him Darth Vader, his fans — the king of the energy sector."

Two cases of Yukos: why the defeat of Russia in the ECHR is more dangerous than the defeat in the Hague

Business06.08.2014

The decision to pay €1,86 billion awarded by the ECHR to former Yukos shareholders may have much more serious implications than a verdict on $50 billion by the Hague Tribunal. Both for the Russian budget and its judicial system.

Why Russia lost $50 billion to Yukos former owners

Business04.08.2014

Arbitration in the Hague ruled to collect $50 billion from Russia in favor of the former shareholders of Yukos. The fiasco was planned. Russia didn't even lift a finger to win this battle.

Yukos owners have been recognized as victims

Business28.07.2014

The Hague court sentenced Russia to $ 50 billion payment.

Khodorkovsky's release from prison will not affect the investment climate in Russia

Governance23.12.2013

The release of Mikhail Khodorkovsky will have almost no impact on the investment climate in Russia, according to investors, bankers and government officials.

Mikhail Khodorkovsky was released from prison

Crime20.12.2013

The former head of Yukos is heading to Germany, where his mother is currently under medical treatment

Khodorkovsky faces up to seven years in jail with the new criminal case

Governance12.12.2013

The limitation period on the third case will expire in 2015, sources said. The law enforcers start from the so called "experts case" in their investigation.