Russia should review its international treaty obligations, and reconsider those that fall out of line with Russian law, the deputy chairman of the Federation Council's Committee on Constitutional Legislation urged in the aftermath of the country's $50 million loss to Yukos shareholders in a court in The Hague earlier this week.
"There is now an urgent need to revise the entire array of signed international treaties, charters, conventions to assess their compliance with our national legislation, their necessity and relevance for the country, as well as potential damage they could incur if adopted in the future," Senator Konstantin Dobrynin said in comments carried by ITAR-Tass on Wednesday.
Dobrynin also said Russia should revise the process of selecting legal consultants hired to represent the country in international proceedings.
The Hague's arbitration court ruled Monday that Russia had violated the Energy Charter Treaty, which it said led to the bankruptcy of energy giant Yukos in 2006. The ruling, which Russia said it would appeal, awarded shareholders of the now defunct Yukos $50 billion in compensation. The payout should be made by Jan. 15 of next year, the court ruled.
The Russian side objected to The Hague court's ruling, arguing that although it had been a signatory to the treaty, it had never been ratified.
See also:
U.S. Accuses Russia of Violating Nuclear Arms Treaty, Calls for Talks
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
![paiment methods](https://static.themoscowtimes.com/img/contribute/payment_icons.png)
Remind me later.