US court rejects billion-dollar claim of ex-Yukos shareholders against Russia

WASHINGTON, Dec 2 – The US Court of Appeal rejected the claim of the ex-shareholders of the Yukos oil company against the Russian Federation for $ 50 billion, the court ruling says.

The court granted the petition of the defendant, represented by Russia, and rejected the petition of the ex-shareholders of the oil company to review the decision of the lower court, which suspended the case.

“The petition was granted, the case was closed,” the court ruling says.