“There is now an urgent need to revise the entire array of signed international treaties, charters and conventions to assess their compliance with our national legislation, their necessity and relevance for the country, as well as potential damage they could cause if adopted in the future,” Dobrynin said according to the Federation Council’s web site. The comment came in the aftermath of the country’s $50 million loss to Yukos shareholders in a court in The Hague earlier this week.
The Hague arbitration court ruled on Monday that Russia must pay $50 million for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin. The court linked its decision to the violation by Russia of an article of the EU Energy Charter. Russia had signed the Charter in 1994, but never ratified it.
