Russia hit by $50 bn Yukos ruling , amid sanctions squeeze - ECONOMICS:
"Russia has been ordered to pay Yukos shareholders a record $50 billion in compensation over its seizure of the defunct oil giant, lawyers said on Monday, in a new blow on top of sanctions over the Ukraine crisis.
An arbitration court in The Hague ruled that Russia forced Yukos -- formerly owned by ex-tycoon Mikhail Khodorkovsky -- into bankruptcy with excessive tax claims and sold its assets to state-owned businesses led by energy giant Rosneft for political purposes.
Russia was defiant in the face of the judgement with Foreign Minister Sergei Lavrov vowing that the state would "use all of its legal options to defend its position", with the claimants who now face a further battle to claw back their cash."
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