Permanent Court Arbitration the Hague

: I refuse to be intimidated by Russia tactics, according to The Moscow Times. Reuters reported on Monday that lawyers for Pugachyov had issued notice of a claim of more than $10 billion against Russia that is likely to be heard in the Permanent Court of Arbitration in The Hague. Over the past few years, Russia has pursued a multi-pronged attack against me, my family, and my investments, Pugachyov said in a written statement on Tuesday. Pugachyov lawyers said that such claims can take years but noted that Moscow is already fighting a separate ruling by the same court in 2014, when it was ordered to pay $50 billion for expropriating the assets of Yukos, once Russia biggest oil producer run by Mikhail Khodorkovsky. Russia is seeking Pugachyov arrest for embezzlement and misappropriation of assets, charges he denies. When asked about the Pugachyov claim, Putin spokesman, Dmitry Peskov, said he had no comment but said that official investigations were ongoing. (news.financializer.com). As reported in the news.

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