https://sputnikglobe.com/20160928/exxon-russia-hearings-spring-1045774643.html
Court Hearings in ExxonMobil's Suit Against Russia to Begin Next Spring
Court Hearings in ExxonMobil's Suit Against Russia to Begin Next Spring
Sputnik International
Court hearings in the US multinational oil and gas company ExxonMobil's lawsuit against Russia will begin next spring, Russian Deputy Finance Minister Ilya... 28.09.2016, Sputnik International
2016-09-28T05:54+0000
2016-09-28T05:54+0000
2016-09-28T05:57+0000
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Court Hearings in ExxonMobil's Suit Against Russia to Begin Next Spring
05:54 GMT 28.09.2016 (Updated: 05:57 GMT 28.09.2016) Court hearings in the US multinational oil and gas company ExxonMobil's lawsuit against Russia will begin next spring, Russian Deputy Finance Minister Ilya Trunin said Wednesday.
MOSCOW (Sputnik) — When asked about the expected date of the hearings, Trunin told reporters:
"In the spring of 2017."
ExxonMobil filed a complaint with the Stockholm arbitration institute in April 2015, alleging that it overpaid $500 million in value-added tax on an offshore oil and gas project in the Russian Far East. The multinational corporation has been arguing it should pay a 20 percent tax rate for the Sakhalin-1 project over the past five years because the VAT was reduced from 35 percent in 2008.
