Russia's assets worth $700 mln arrested in France

Russian state assets, arrested in France in the Yukos case, include $400 million to be paid by satellite operator Eutelsat to the Federal State Unitary Enterprise Russian Satellite Communications, and $300 million, which Arianespace was supposed to pay to Roscosmos, according to RBC citing The American Lawyer.

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According to an article "Yukos and Russia: A $50 Billion Question" published on April 6, 2016, the services of the Russian companies included provision of the Russian satellite capacities and rocket launchers, respectively.

As reported earlier, on December 17, a Paris court declined to suspend enforcement of the Yukos award pending appeal.

Read alsoYukos shareholders estimate Russian assets seized in France at EUR 1 blnGaillard complains that "Russia is busy slapping diplomatic plaques after the fact on every piece of property it owns in Western Europe." Russia persuaded Belgium to enact a "Yukos Law," requiring that a judge preauthorize asset attachment. It pressured Belgian diplomats and French police to block local functionaries from taking inventory at buildings the oligarchs seized. Most ominously, Russia warned in a July 15 diplomatic note that it will consider any American enforcement as grounds for retaliation against U.S. citizens and businesses.

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