Thursday, June 18, 2015

France freezes Russian assets over Yukos seizure - from TRUNEWS

French authorities have seized dozens of bank accounts and several buildings owned by the Kremlin, shareholders of now-defunct oil giant Yukos have said. The Belgian government is said to have taken similar steps.

France has frozen Russian government assets, as Paris seeks to enforce a 2014 court ruling ordering Moscow to pay compensation to shareholders of now-defunct oil giant Yukos, which the Kremlin forced into bankruptcy in 2006.

The move was relayed by executive director of main shareholder GML, Tim Osborne, who said Thursday that “eight or nine buildings” had been seized along with some 40 bank accounts.

He added that French authorities had intervened two weeks ago, but that the news had only been “leaked” to Russia on Thursday. Neither Moscow, nor Paris have confirmed the reports.

“Proceedings are already under way in Britain and the United States and further countries will follow,” Osborne said.

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