Monday, April 11, 2016

Russia's assets worth $700 mln arrested in France

Russian state assets, arrested in France in the Yukos case, include $400 million to be paid by satellite operator Eutelsat to the Federal State Unitary Enterprise Russian Satellite Communications, and $300 million, which Arianespace was supposed to pay to Roscosmos, according to RBC citing The American Lawyer.




According to an article "Yukos and Russia: A $50 Billion Question" published on April 6, 2016, the services of the Russian companies included provision of the Russian satellite capacities and rocket launchers, respectively.

As reported earlier, on December 17, a Paris court declined to suspend enforcement of the Yukos award pending appeal.

Gaillard complains that "Russia is busy slapping diplomatic plaques after the fact on every piece of property it owns in Western Europe." Russia persuaded Belgium to enact a "Yukos Law," requiring that a judge preauthorize asset attachment. It pressured Belgian diplomats and French police to block local functionaries from taking inventory at buildings the oligarchs seized. Most ominously, Russia warned in a July 15 diplomatic note that it will consider any American enforcement as grounds for retaliation against U.S. citizens and businesses.




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