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French court rules against freezing Russian assets

In a complicated court battle involving multiple courts, multiple nations, multiple companies, and multiple industries (including Roscosmos), a French court has ruled in favor of Russia and against the shareholders of the liquidated Russian Yukos oil company.

The Ivry First Instance Court ruled in favor of Roscosmos in a dispute with Cyprus-based offshore company Veteran Petroleum, a shareholder in the former Yukos oil company, according to Roscosmos. “They have acknowledged that our arguments are correct and that there is no need to seize the money,” Roscosmos representative Igor Burenkov told the TASS news agency.

France has seized Russian assets worth $1 billion in total following the Kremlin’s refusal to pay damages to former Yukos shareholders. The seized assets included $400 million owed by French-based satellite provider Eutelsat to the Russian Satellite Communications company and $300 million owned by French space launch provider Arianespace to Roscosmos.

More details here. The dispute here is not just between Russia and the shareholders of Yukos. There is also a battle going on between the Hague International Arbitration Court and the French courts. Whether Russia will be able get its money however remains unclear at this moment.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

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