RT channel’s assets seized in France




Bailiffs in France, carrying out court orders to seize assets belonging to the Russian Federation, have issued seizure notifications to Russia’s RT state-funded television network (Russia Today), reports Forbes Russia, June 18, citing a source close to the former shareholders of Yukos. The action was based on a decision  by The Hague Permanent Court of Arbitration in a lawsuit filed by former Yukos shareholders. The RT channel is funded by the budget of the  Russian Federation.

This information was confirmed by Tim Osborne, head of Group Menatep Limited, a subsidiary of Hulley Enterprises Limited, which is acting as the plaintiff in the Yukos case.

“According to my information, we’re talking about the seizure of the building in Paris housing the offices of Russia Today. There are several buildings in Paris that belong to the Russian Federation, and this is one of them, he explained.

Additionally any revenues the TV channel brings to the Russian state will be seized as well. According to Osborne, employee salaries probably would not be seized because they belong to the employees and are not property of the state.

RT Editor-in-Chief Margarita Simonyan told Forbes that RT “took care of this in advance and took measures to prevent the disruption of our radio and online broadcasts in Europe and elsewhere by the blocking of accounts.”

Simonyan told the RIA Novosti news agency that the account of the French representative of Rossiya Segodnya information agency, which includes the Russia Today TV network as well as the RIA Novosti news service, were also seized.

In addition, seizure notifications were also received at the offices of the TASS news agency in France and Belgium, reports Gazeta.ru, citing the agency’s press-service. TASS representatives refused to provide details.

Earlier it was reported that bailiffs have begun carrying out court orders in France and Belgium to seize Russian assets in those countries, based on the decision of the Hague arbitration court in the claim of the former shareholders of Yukos.

Andrey Belousov, assistant to Vladimir Putin, said that Russia would “appeal this decision in France, in Belgium and in all countries.”

Law enforcement agencies in France had seized the accounts of Russian companies at the French subsidiary of VTB Bank, the bank’s head Andrey Kostin reported on Thursday. According to Kostin, the accounts of Russian diplomatic missions had been frozen but have since been unfrozen.

On Wednesday, June 17, Belgium courts gave the order to seize Russian state property held by Russian institutions in the country based on a July 2014 decision by an arbitration court in The Hague awarding some 1.b billion euros to the former shareholders of the now-defunct Russian oil firm Yukos. The lawsuit represents one of several cases filed against Russia by the former company’s shareholders.

Translated by: Anna Mostovych
Source: korrespondent.net

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  • Brent

    It’s about time. Russian needs to abide by international law like every other country. Many of the ‘troll army’ were certain none of Russia’s assets could be touched after the arbitration results, but Russia is not above the law like they think they are.

    I think it’s even more fitting that the assets of RT and it’s other sheeple media were among the first targets.

    I’m sure we’ll hear from Marine Le Pen soon given the “loan” to Front National by the Russian owned Czech bank last year…

    • Dagwood Bumstead

      The two Mistrals could also be seized, though technically they are the French shipyard’s property until they are formally handed over to the Russian Navy.
      Presumably the shipyard has already been paid for the work, or most of it anyway, so as legal owner it can dispose of them for a song to, say, Canada and the proceeds handed to the Yukos shareholders. The lower the price, the better- Russia will still owe the remainder of the 50 billion.

  • puttypants

    I agree…I don’t know why they’ve been seized but a great thing. Hopefully, its for outright lies and hate filled propaganda. It would be right for the Hague to make such a decision before Putin starts WW3. He seems to be itching for it.

    • Dagwood Bumstead

      The assets are not seized for the lies and propaganda. They are seized because the dwarf refuses to cough up the 50 billion awarded to Yukos shareholders as a result of legal action following the dwarf seizing Yukos and breaking it up because its CEO, Khodorkovsky, decided to enter Russian politics and campaign against him. Foreign shareholders in Yukos filed a lawsuit against the Russian state and won, Russia was sentenced to pay 50 billion compensation but refuses to do so.

  • Dagwood Bumstead

    I expect that Russian assets will be frozen in other countries as well, to a total of the 50 billion of the court verdict. If these assets prove insufficient, Russian oil shipments to the EU could be seized to make up the deficit. Bang go another 50 billion of the dwarf’s financial reserves, increasing the financial difficulties and hastening the approach of Russia’s bankruptcy..

  • Dean Venture

    The world is cooling towards Russian thievery.Most of the world respects the rule of law.

    • Dagwood Bumstead

      I wouldn’t say “most of the world”, but it certainly does count in the EU, Canada, Australia/New Zealand, the US, Singapore and some other countries. In this case they are the ones that count.
      The dwarf thought he could ignore the 50 billion verdict, but he’s not getting away with it.

      • puttypants

        It’s obviously not Germany, France or Italy. They’ve allowed Ukraine to be brutalized.

  • puttypants

    I’m glad they did it but sad because I’d hoped it was more about the morality of Putin propaganda.

  • Michel Cloarec

    The law is the law ! International law has to be respected , even RF and Putin has to abide !

  • Michel Cloarec

    France has already 785 Million in the till, only to transfer to EU/Hague

  • John Shirley

    I can see another NUKE threat coming soon.

  • Tmos

    I can’t stop chuckling about this. So freaking funny. I am sure the Russian propaganda trolls are just butt hurt over this big time.

    • Michel Cloarec

      Where are the russian trolls, not funny when they hide themselves !

  • digpig

    The new Russian Cathedral site at Quai Branly, Paris, is owned by the Russian State – so there is something else for the bailiffs to go after. That will be a major blow to the Moscow Patriarchate in France and indeed in the whole of Western Europe.

  • Kruton

    Surrender Bolshevik savages or we will impound your BMWs!

  • Vlad Pufagtinenko

    such a tragedy….forgive me while I reach for a tissue.

  • Lord Lucan

    Russia World Cup ….. Up for grabs shortly I’m led to believe :-)