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Russia ordered to pay $50 billion over Yukos

Monday, July 28, 2014 2:40am

Russian President Vladimir Putin meets with Head of the Jewish autonomous region Alexander Vinnikov in the Kremlin in Moscow, Friday, July 25, 2014. (AP Photo/RIA-Novosti, Mikhail Klimentyev, Presidential Press Service)LONDON (AP) — An international court on Monday ordered Russia to pay over $50 billion in compensation to the former majority shareholder of now-defunct oil producer Yukos over the expropriation of the company more than 10 years ago.

Student survivors testify in Korea ferry trial

Monday, July 28, 2014 2:40am

This file image taken on April 16, 2014 shows the South Korea Coast Guard rescuing some of the passengers and crew aboard a ferry that sank on its way to Jeju island from IncheonStudent survivors of South Korea's ferry disaster testified at the murder trial of the captain and crew on Monday how they were left to fend for themselves in the sinking vessel. One recalled orders for her and her classmates to stay put being relayed "over and over," until the ferry had listed so far that the door to their cabin was above their heads. Another described watching a wave sweep her classmates back inside the sinking boat. Police cordons blocked public access to the district court as the students -- all from Ansan's Dawon High School -- arrived in a red mini-bus and were escorted into the building by a tight phalanx of police officers.

Korean Air chief in line to lead Pyeongchang Games

Monday, July 28, 2014 2:39am

FILE - In this Nov. 26, 2010 file photo, Cho Yang-ho, the head of South Korea's bid for the 2018 Winter Olympics, speaks at the 39th General Assembly of the European Olympic Committees in Belgrade, Serbia. South Korean media is reporting that Cho, who led PyeongChang’s successful bid to host the Winter Olympics, is set to become chief organizer of the 2018 Games. (AP Photo/Marko Drobnjakovic, File)SEOUL, South Korea (AP) — The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.

Russia ordered to pay Yukos shareholders $50 bn

Monday, July 28, 2014 2:39am

Former head of Russian oil company Yukos Mikhail Khodorkovsky promotes his book "My Fellow Prisoners" in Berlin, on June 12, 2014Russia has been ordered by an arbitration court in The Hague to pay shareholders of Yukos a record $50 billion in compensation over its seizure of the one-time oil giant, lawyers for the main claimant said on Monday. The Permanent Court of Arbitration ruled that Russia forced Yukos, formerly owned by ex-tycoon and Kremlin critic Mikhail Khodorkovsky, into bankruptcy with excessive tax claims and sold its assets to state-owned businesses. "The tribunal specifically and unanimously confirmed that the attacks by the Russian Federation on the Yukos oil company ... were politically motivated," Tim Osborne, executive director of GML Ltd, the main shareholder, told a news conference in London.

UN rights chief: Flight 17 possible war crime

Monday, July 28, 2014 2:36am

Dutch policemen walk in the city of Donetsk, eastern Ukraine Sunday, July 27, 2014. A team of international police officers that had been due to visit the site of the Malaysian plane disaster in eastern Ukraine cancelled the trip Sunday after receiving reports of fighting in the area. Alexander Hug, the deputy head of a monitoring team from the OSCE in Europe, said it would be too dangerous for the unarmed mission to travel to the site from its current location in the rebel-held city of Donetsk. (AP Photo/Dmitry Lovetsky)GENEVA (AP) — The downing of Malaysia Airlines Flight 17 may be a war crime, U.N. High Commissioner for Human Rights Navi Pillay said Monday.