29/8/2014 18:20
RIA Novosti

World

French court unfreezes RIA Novosti account, orders compensation

18:57 16/05/2008
PARIS, May 16 (RIA Novosti) - A court in Paris ruled on Friday to unfreeze RIA Novosti's account in France and ordered Switzerland's Noga to pay 15,000 euros ($23,000) in compensation to the Russian news agency.

"RIA Novosti has been recognized as a legal entity separate from the Russian government, so it should not be liable for its debts," the judge said.

A French court ruled last Tuesday that a Russian Central Bank account held with France's Calyon bank, which was frozen in January following a Noga suit, must be unfrozen.

Some assets of Russian organizations, including accounts held by the CBR and RIA Novosti, were frozen over a 49 million euro ($75 million) claim by the Swiss trading firm to secure the repayment of a debt accrued under barter oil deals struck with Russia's government in the early 1990s.

Since 1993, Noga has repeatedly applied for the seizure of Russian property abroad, including a sailing vessel and military aircraft that were taking part in exhibitions and shows. In 2005 it seized a collection of paintings owned by the Pushkin Fine Arts Museum in an attempt to secure the repayment of debts.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiFrench court unfreezes RIA Novosti account, orders compensation

18:57 16/05/2008 A court in Paris ruled on Friday to unfreeze RIA Novosti's account in France and ordered Switzerland's Noga to pay 15,000 euros ($23,000) in compensation to the Russian news agency. >>

Send by e-mail

All fields are required!




Leave a comment


    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18