MOSCOW/STRASBOURG (Reuters) - The European Court of Human Rights (ECHR) awarded shareholders in Yukos 1.9 billion euros ($2.55 billion) in compensation after the former oil company argued Russia had unlawfully deprived the company of its possessions by imposing bogus taxes and a sham auction of its key asset.
Just days after some of Yukos's former shareholders won $50 billion in The Hague, the Strasbourg-based court said Russia should also pay 300,000 euros in costs and expenses, plus any tax that may be chargeable.
Russia's Justice Ministry said on Thursday a European court's approach to the Yukos case was unfair and biased, adding it could appeal its decision within three months.
The European Court of Human Rights (ECHR) earlier on Thursday awarded shareholders in Yukos 1.9 billion euros ($2.6 billion) in compensation after the former oil company argued Russia had unlawfully seized it after demanding bogus taxes and via a sham auction.
(Reporting by Megan Davies, Maria Kiselyova, and Vladimir Soldatkin in Moscow and Gilbert Reilhac in Strasbourg, editing by Elizabeth Piper)
