Russia has agreed to pay €1.86 billion in compensation to former Yukos shareholders after the European Court of Human Rights (ECHR) refused its appeal, said Russian Justice Minister Aleksandr Konovalov.
“The judges have made the decision. We are forced to accept it. We believe it is unreasonable, but there’s nothing we can do,” said Konovalov as quoted by RIA.
At the same time he said Russia is not obliged to abide by the decisions of the ECHR, adding that the enforcement of decisions is ‘goodwill’ on the part of a member country of the Council of Europe.
“Life will show to what extent this decision will be enforced in Russia,” he said.