"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.
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New ties between Russia and Japan would mark not only a breakthrough in their relations but also a significant shift in Northeast Asia’s political dynamic. Both are secondary players in a region overshadowed by an increasingly assertive China, which has not hesitated to push against the boundaries of its neighbors.