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. Last Updated: 07/27/2016

Yukos Successor Expects $100Bln Ruling

The U.S. branch of what was once Russia’s biggest oil company is planning to collect $100 billion in damages in the Strasbourg court from the Russian government’s bankruptcy of Yukos.

Former Yukos chief financial officer Bruce Misamore told RIA-Novosti on Monday that the company he now heads, Yukos International, is going to seek damages from the 2006 bankruptcy of Yukos.

The company’s former chief, Mikhail Khodorkovsky, is serving an eight-year sentence for tax evasion and is on trial again in Moscow on related charges.

Yukos International represents 55,000 shareholders hit by the Yukos bankruptcy, RIA-Novosti said.

“It’s the biggest lawsuit in the history of the European Court of Human Rights, with no earlier precedent,” Misamore said. The prosecution of Khodorkovsky and other Yukos managers is unlawful, he said.