Denis Abramov / Vedomosti
CEO Igor Sechin has won a libel case against Russian newspaper Novaya
Gazeta, the Meduza news website reported Monday.
sued the paper over an article published on Aug. 1, which linked him to one
of the world's most expensive yachts.
piece claimed that Sechin's wife regularly made long trips aboard a
luxury vessel, worth an estimated $190 million.
oil tycoon also
the article be removed from Novaya Gazeta's website and that copies
of the paper featuring the story were
Editor Sergei Sokolov said that the newspaper would appeal the
decision, taking the case “to the Supreme Court if necessary."
Sechin has previously
announced that he would settle the matter out of court if the
newspaper published a retraction. The outlet declined the offer, maintaining that accepting the deal would “recognize” Sechin's