The Shocking Reason Putin Isn't Worried About The $50 Billion Yukos Ruling

Tyler Durden's picture

Having $50 billion of assets under potential seizure is enough to make anyone whince. However, despite a quickly worded statement on the Yukos award, Vladimir Putin seems less than anxious to find a resolution. We think we know why, and it's very concerning.

As The FT reports confirming our earlier comments:

The award is a landmark not just for its size – 20 times the previous record for an arbitration ruling. The tribunal also found definitively that Russia’s pursuit of Yukos and its independently-minded main shareholder, Mikhail Khodorkovsky, a decade ago was politically motivated.




Though Russia cannot appeal against the award, Moscow said it would pursue all legal avenues for trying to get it “set aside”.


Even if the ruling stands, shareholders face a tortuous battle trying to enforce it. If Moscow refuses to pay, they must pursue Russian sovereign commercial assets in the 150 countries that are party to the so-called 1958 New York Convention on enforcing arbitration awards.

But perhaps this explains why Putin is not coming out swinging, as The FT concludes,

One person close to Mr Putin said the Yukos ruling was insignificant in light of the bigger geopolitical stand-off over Ukraine.


“There is a war coming in Europe,” he said. “Do you really think this matters?”

Source: The FT

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Beard of Zeus's picture

Moar woar bitchez!

localsavage's picture

When you poke a bull, you sometimes get the horns.

Publicus's picture

It's pretty obvious now that the rebels will eventually take over all of Ukraine. It is going to be an exciting Fall this year.

thamnosma's picture

No they aren't.  Geez. 

espirit's picture


Put it on my tab.

Yuk, Yuk, Yuk(os).

COSMOS's picture

I think the world has more money invested in Russia than the Russian govt has invested in Western countries.  If they try to seize anything Russia can reciprocate and seize their energy and other investments in Russia.  Nobody will seize anything.  USA lost a ruling to Canada in the billions regarding soft woods production and nobody dared seize any USA assets lol.

dontgoforit's picture

Cigarette companies got fined more than this in the U.S. and they do more damage.

CH1's picture

Bottom line: Without Russian gas, Europe freezes.

Uncle Remus's picture

And German industry, well, it won't be pretty.

strannick's picture

Putin knows American NATO will never stop. If Putin rolls over on Ukraine, then Western-backed Oligarchs recommence with their deconstruction of Russia that almost succeeded in the late 90s early 2000, which resulted in starving, impoverished. chaotic Russia.

This is the Western dream for Russia, Putin knows it, and if American NATO persists, it will happen over many dead Eastern European bodies.

Quus Ant's picture

The dollar is dead.  We've been attending the wake. and it's almost time to hear how the estate will be dismembered and distributed.

Putin is that kid smiling in the back pew.  Ornery little fucker.

Raymond K Hessel's picture

Seriously, this pay wall shit is just shit. It's fucking fuck shit, fuck.


balolalo's picture

Two words everyone: 


Latina Lover's picture

Russians know they are under attack again by the West, and will back Putin. A few bullets in the back of dual citizen bankster/oligarch traitors should be enough to stop most 5th column activities.


Russians can take the pain of war, since they are preppers by nature and have already fought in at least 4 major wars over the last 100 years. They can endure.

My question is are the Europeans willing to do the same?

john39's picture

slightly OT, but so disgusting that it merits attention, Harry Reid is calling for more money to be sent to Israel to help it complete its genocide of Palestinians:

"US Senate Majority Leader Harry Reid says Israel urgently needs more financial aid from the United States for its offensive against Palestinians in the Gaza Strip. On Monday afternoon, Reid warned that the Obama administration’s $225 million request to aid Israel during its current war may not be enough, as the Zionist regime continues to massacre Palestinians in Gaza."

Not Too Important's picture

CUFI is bleeding the US Christians dry, while MENA Christians are being slaughtered by IS with US weapons.

Stupid fucking Goyim.

Drunk In Church's picture

Putin is a latent homosexual.  That's why he's always talking tough and taking off his shirt.  He's a wannabe pole-smoker. Bitchez.

strannick's picture


I think you have him mixed up with all-American bitchboy Obama. Wait, thats not true, cause Obama isnt latent

Manthong's picture

Yeah, but  “At this point, what difference does it make”?

And I don’t know from Yukos, all I know is that it is a damn good thing that the Fed, BOE, ECB, BOJ, IMF, World Bank and ESF policies are pure as the wind driven snow and far distant from any taint of personal exploitation, commercial corruption or geopolitically motivated global currency, bullion and monetary fraud.

espirit's picture

Putin's expecting change for that Trillion dollah Zimbabwe note he handed Obamao.

tonyw's picture

so tested in 2008 but now being used to escalate matters, headlined as "breaking news" !

From memory hasn't the US launched thousands of cruise missiles since then that have killed many and destroyed much in several countries??


Bunghole's picture

+ 1 for reply and moniker


No.  -1,000 for egging on that little fuck.

Man, you're dense.

Go buy some more BTC at $900 and justify your purchase, dickweed.

BeanusCountus's picture

Simple way to stop current Israeli "massacre". Stop shooting missiles at them.

Ex-Pat Brit's picture

Simple way to stop current Israeli "Massacre".  Stop all US funding and supplies to their military

TheReplacement's picture

How about everyone stops funding both sides.  Then we'll see which side can make something of itself for real.

Plato's Law's picture

Congress attaches increased Israel aid to a pre-existing bill, sorry forgot which one, either the highway trust fund or the border invasion funds. 

Kirk2NCC1701's picture

If that sick fuck gets an early factory recall, I promise to send flowers.

McCormick No. 9's picture

Alright I'll go off on Harry Reid. He is a disgusting fuck-maggot. He is the poster child of what Joseph Smith warned would happen to the Church.  He is the epitome of the secret combinations we were waned would happen in the book of Ether. John Swallow and Mark Shurtleff should be able to take him down, but if somehow he doesnt get sucked into the worst bribery scandal to rock Mormon politcal circles in, well ever, then I hope Cliven Bundy ties him down to the kaliche dirt in rural Clark County and has him trampled to death by desert tortoises.

Uchtdorf's picture

You are one straight-shootin' son of a gun.

sunaJ's picture

Shortly after Cliven Bundy took up arms against the USG for cattle rustling, he contacted his stake president, requesting an endorsement from the LDS church in his struggle against fed incursion.  Of course, the stake president balked and told him the church cannot endorse such things.  He recommended that Bundy comply with the gov't orders - in keeping with the 12th "article of faith." 


Shurtleff, Swallow and Reid represent the inbred, corrupt power that sits atop the will of the people, that occupy seats of power in order to facillitate personal gain and cronyism.  The investigation of their corruption was passed over by the FBI (with no explanation) and is now being driven by Davis and SL county district attorneys aided by local law enforcement.  Shortly after becoming Utah AG two years ago, Swallow hung a "for sale" sign in his office window.  The corruption/cronyism is bad, but even Utah authorities are loath to break wide open a national corruption scandal because, you know, it would reflect poorly on our instititutions of power - like the gov't and the church.  What a disgrace.

They wear suits and entrench themselves in our seats of authority and power, then they attend church and proclaim what soldiers they are against crime and corruption.  They are the wolves in sheep clothing.  But don't tell the sheep.


Cap Matifou's picture

Thanks to the arrival of "democracy".

Perfecthedge's picture

My question is are the Europeans willing to do the same?

I think the Germans are ready for war and with these Elite Fighters nothing can go wrong:

Does that answer your question?

Kirk2NCC1701's picture

All Middle Europeans (especially Austrians, Germans and French) are NOT willing to bleed or die for US Banksters and the likes of GS.  That's not their idea of "doing God's work".

Or, as Angela Merkel said (on the verge of tears recently, and in Obama's presence):  "Ich bring mich doch nichts selbst um!" (I'm not going to commit suicide!")

NoPension's picture

And to think, they almost ruled the world.

AnAnonymous's picture

My question is are the Europeans willing to do the same?

Were not the batches of unemployment supposed to feed the war? Was not war desired to deal with unemployment? Is unemployment over in Europe?

Escrava Isaura's picture


Did you mean, the rest of Europe to do the same?

Latina Lover's picture


The Russians understand they are again under attack from the West. They can handle the pain since it is a question of their survival as a nation.  They remember how they were almost destroyed in the 1990's.

My question is,  are Europeans willing to fight another european war, with the same level of determination as the Russians?  Even if only mercenaries are used, European economies will be crushed.

Escrava Isaura's picture

Clarification (too):

Russians are Europeans, too!

Latina Lover's picture

Actually, many Russians would not call themselves Europeans, but I get your point.

Latina Lover's picture

Actually, many Russians would not call themselves Europeans, but I get your point.

angel_of_joy's picture

"Russians are Europeans, too!"
Mmm... only when they feel like, and right now they don't !

AnAnonymous's picture

'American' indo Europeans residing in the US are also european.

For 'americans', the group is all.

Joenobody12's picture

No ! I asked the question to a Russian. Do they consider themselves Asian or European ? She replied as matter of factedly" We consider ourselves neither. We consider ourselves Russians".

cynicalskeptic's picture

I suspect that Europe is tired of war - having lost millions of its citizens in the last century.   With all they have to lose why wouldn't most of Europe simply say 'no more' and stay out of the US/Russia feud.   

Seriously... how much leverage does the US have over (mainland) Europe compared to Russia?   We may be able to twist Britain's arm but the rest?  Seems like they've caught on to the 'prop the dollar up at any and all costs - no matter who else gets screwed (eg the rest of the world).

The US is following Rome's path from Republic to Empire to collapse - in fast forward.   We will not be able to maintain our control over our former subject states despite all attempts at doing so.