It’s been a week of record judgments against Russia for its lawless treatment of OAS Yukos Oil Company. On Monday, Yukos’ former owners announced they’d won $50 billion from an arbitral tribunal in The Hague. On Thursday news broke that the European Court of Human Rights had docked Russia an additional $2.5 billion.
The arbitration made the bigger headlines, but the human rights ruling from Strasbourg is the real shocker. For while $50 billion was at the high end of expectations, Strasbourg exceeded the range thought possible by two orders of magnitude.
