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Yukos oil tanker - the firm was taken over and dismantled by the Russian state in 2003 and 2004 (Photo: Flickr)

Investors call for tough EU-Russia energy treaty

Stuck mid-way through a years-long legal battle with the Kremlin, the former owners of Russian oil firm Yukos have urged Brussels to negotiate tough energy rules with Moscow to protect other investors.

The businessmen behind GML, the majority owner of Yukos, would have no chance of getting their money back unless they had a legal means of redress, GML director, Tim Osborne, told EUobserver on Tuesday (1 December).

"The important thing for us is that Russia was bound by the ECT (...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Yukos oil tanker - the firm was taken over and dismantled by the Russian state in 2003 and 2004 (Photo: Flickr)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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