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 Hague Court has no jurisdiction over Russia - Putin

Putin suggested that part of Russia's legal strategy will be to deny the jurisdiction of the international arbitration court in The Hague.

Censor.NET reports citing Interfax

"We cannot but react, we will defend our interests," Vladimir Putin said at a meeting with top executives of global news agencies, vowing to fight the asset freezes in court for as long as it takes to stop them.

"The Hague Court is competent to decide on such cases only in respect of those countries that are signatories of the European Energy Charter. Russia has not ratified this charter, so we do not recognize the jurisdiction of this court," the president said.

Putin suggested that part of Russia's legal strategy will be to deny the jurisdiction of the international arbitration court in The Hague which last year awarded shareholders of the defunct Yukos oil company $50 billion in damages because Russia in 2004 illegally dismantled the company and auctioned off its assets.

Read also: Putin to United States: We should not be spoken to in the language of ultimatums

 
 
 
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