Yukos Capital has won $186 million from Rosneft in New York court

New York Circuit Court made a decision on October 2nd that Rosneft’s subsidiary Samaraneftegaz should pay $185.9 million to the Luxembourgian Yukos Capital controlled by the former managers of Yukos, Interfax reports referring to Yukos Capital. The company tries to gain back the funds of $80.5 million granted as a credit to Samaraneftegaz in 2004. In August 2007, the International Arbitration Court under the International Trade Chamber brought the verdict to pay off in favor of Yukos Capital the full sum of the loans, interests at a rate of $435,000 spent to legal action in the International Arbitration Court, and the court expenses of $284,400. Yukos Capital tried to get such verdict in the Russian courts but they decided that the credit contract was illegal.