July 28, 2014

$50 Billion Bill for Putin's Aggression

Leonid Bershidsky, Bloomberg

The Associated Press

A court in the Hague has done more to hurt Russia's economy than all the Ukraine-related sanctions put together. The Permanent Court of Arbitration ruled that Russia must pay $50.02 billion to the shareholders of the oil company Yukos, which was dismantled by President Vladimir Putin's government beginning in 2004. The ruling is a reminder that Putin was no different a decade ago from the man who recently seized Crimea from Ukraine and continues to foment separatist unrest in that nation.

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TAGGED: Vladimir Putin, Mikhail Khodorkovsky, Russia, Yukos

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