The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling

From the article:

“There is a war coming in Europe,” he said. “Do you really think this matters?”

And we are talking about WW3 here … as planned by the Illuminati.


The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling (ZeroHedge, July 28, 2014):

Having $50 billion of assets under potential seizure is enough to make anyone whince. However, despite a quickly worded statement on the Yukos award, Vladimir Putin seems less than anxious to find a resolution. We think we know why, and it’s very concerning.

As The FT reports confirming our earlier comments:

The award is a landmark not just for its size – 20 times the previous record for an arbitration ruling. The tribunal also found definitively that Russia’s pursuit of Yukos and its independently-minded main shareholder, Mikhail Khodorkovsky, a decade ago was politically motivated.

Though Russia cannot appeal against the award, Moscow said it would pursue all legal avenues for trying to get it “set aside”.

Even if the ruling stands, shareholders face a tortuous battle trying to enforce it. If Moscow refuses to pay, they must pursue Russian sovereign commercial assets in the 150 countries that are party to the so-called 1958 New York Convention on enforcing arbitration awards.

But perhaps this explains why Putin is not coming out swinging, as The FT concludes,

One person close to Mr Putin said the Yukos ruling was insignificant in light of the bigger geopolitical stand-off over Ukraine.

“There is a war coming in Europe,” he said. “Do you really think this matters?”

Source: The FT

1 thought on “The Shocking Reason Putin Isn’t Worried About The $50 Billion Yukos Ruling

  1. (i) In a sense, there already is a war going on (at least against Ukraine, which had received guarantees from the UK and US (not to mention Russia) at the time Ukraine gave up its nuclear weapons). Russia in violation of Ukraine’s sovereignty are arming separatists, among other things.

    (ii) For the most part this war is not by traditional means. The fronts are numerous: cybercrime, stock and commodity manipulation, and gaining control over the commanding heights of other countries’ economies — beware Australia. Russia’s commander-in-chief is out of the intelligence community.

    (iii) The Yukos Decision of the European Court of Human Rights was a disappointment. Since Russia is not a member of the Energy Charter Treaty the MAY be some basis for challenging the jurisdiction of the Dutch Arbitration Court. That being said, I do not find convincing the argument that there was no jurisdiction since the Act of State Doctrine is a losing argument since Russia is not a typical state — rather it is a corporatocracy, where most of its actions have a business element. If the plaintiffs in the various cases are successful in the asset forfeiture arena, Mr. Putin has clearly miscalculated.

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