Russia swiftly vowed to contest the ruling by the arbitration court in The Hague, saying it had no jurisdiction over the fate of the company once owned by jailed Kremlin critic and ex-tycoon Mikhail Khodorkovsky.Lawyers for the claimants said the court ruled that Moscow had forced Yukos into bankruptcy with outsized tax claims, and then sold its assets to state-owned firms led by energy giant Rosneft for political purposes.
Yukos was once Russia's biggest oil company but was broken up after Khodorkovsky was arrested in 2003, shortly after President Vladimir Putin warned Russia's growing class of oligarchs against meddling in politics.The former chief financial officer of Yukos Bruce Misamore described Russia's actions as "orchestrated state-sponsored theft" and urged the court to ensure that stakeholders were adequately compensated, saying in a statement that the ruling "will prove important to future litigation" against Russia.
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