Posts Tagged ‘angela charlton’

20
September 2011

Europe court: Russia violated rights of Yukos

AP

Russia violated the rights of the now-defunct oil behemoth Yukos, the European Court of Human Rights ruled Tuesday. But the court rejected a contention that the prosecution of Yukos was politically motivated and deferred any ruling on nearly $100 billion in damages.

Russian authorities were unfair in meting out punishment to the company over tax violations and didn’t give Yukos enough time to prepare its defense, according to the ruling from the court in Strasbourg, France.

The ruling is open for a months-long appeal process available to both sides.

Yukos sought $98 billion in damages, the largest claim in the court’s 50-year history and one of Russia’s biggest legal challenges to date.

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27
January 2011

New ski resorts — in Russia’s restive Caucasus

Bloomberg / Business Week

The timing couldn’t have been worse. Russia’s government unveils a plan to build five ski resorts in the majestic, largely uncharted slopes of the Northern Caucasus. And asks executives at the World Economic Forum to join in the $15 billion investment.

The problem: The Wednesday night presentation came two days after a bomb blast pummeled the international arrivals terminal of Moscow’s largest airport, killing 35. Suspicions immediately fell on extremists from the Northern Caucasus — including Chechnya, which fought two wars with Moscow over the last 16 years, and the neighboring Russian republic of Dagestan, future home to one of the new resorts.

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