MOSCOW (Sputnik) — The court ruled earlier in the day that the arrest of 300-million-euro arrears accumulated by a French commercial launch service provider to Roscosmos demanded by two Yukos-owned companies be lifted. It noted that Roscomos cannot be held liable for Russia's debts as a separate legal entity.
"Law and justice defeated demagoguery. Congratulations on the victory of all those who support Roscosmos," the company's press service quoted Deputy Director General for International Cooperation Sergey Savelyev as saying.
In 2016, media reported that France had seized $700 million in Roscosmos and Russian Satellite Communications Company stakes acting on behalf of Yukos’ former shareholders.
In April 2016, the Hague District Court overturned the verdict of the Permanent Court of Arbitration on the grounds that the case was out of the latter court's jurisdiction.
The assets of Russian state space companies, including of the country's space corporation Roscosmos, have been repeatedly blocked in France, following the former Yukos shareholders' lawsuits. However, the courts have also repeatedly lifted the freezes from such funds.
