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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>From the <st1:place w:st="on"><st1:City w:st="on">Moscow</st1:City></st1:place>
Times<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>French government seizes $700 million (USD) in Yukos oil
lawsuit, that was destined to go to <st1:country-region w:st="on"><st1:place
 w:st="on">Russia</st1:place></st1:country-region>.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><a
href="http://www.themoscowtimes.com/business/article/france-seizes-700m-of-money-owed-to-russian-companies-over-yukos-lawsuit/565364.html">http://www.themoscowtimes.com/business/article/france-seizes-700m-of-money-owed-to-russian-companies-over-yukos-lawsuit/565364.html</a><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>

<h2 style='margin:0in;margin-bottom:.0001pt;line-height:14.0pt;background:white;
vertical-align:baseline'><st1:country-region w:st="on"><st1:place w:st="on"><b><font
  size=4 color=black face=Arial><span style='font-size:14.0pt;font-family:Arial;
  color:black'>France</span></font></b></st1:place></st1:country-region><font
size=4 color=black face=Arial><span style='font-size:14.0pt;font-family:Arial;
color:black'> Seizes $700M of Money Owed to Russian Companies Over Yukos
Lawsuit<o:p></o:p></span></font></h2>

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padding:0in 4.0pt 0in 0in;background:white;margin-left:-.25in;margin-right:
0in'>

<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1;
background:white;vertical-align:baseline;border:none;padding:0in'><![if !supportLists]><font
size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;
color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'>                                
</span></font></span></span></font><![endif]><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>The <st1:City
w:st="on"><st1:place w:st="on">Moscow</st1:place></st1:City> Times<o:p></o:p></span></font></p>

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background:white;margin-left:-.25in;margin-right:0in'>

<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1;
background:white;vertical-align:baseline;border:none;padding:0in'><![if !supportLists]><font
size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;
color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'>                                
</span></font></span></span></font><![endif]><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>Apr. 11
2016 15:48<o:p></o:p></span></font></p>

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padding:0in 0in 0in 4.0pt;background:white;margin-left:-.25in;margin-right:
0in'>

<p class=MsoNormal style='margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo1;
background:white;vertical-align:baseline;border:none;padding:0in'><![if !supportLists]><font
size=2 color=black face=Symbol><span style='font-size:10.0pt;font-family:Symbol;
color:black'><span style='mso-list:Ignore'>·<font size=1 face="Times New Roman"><span
style='font:7.0pt "Times New Roman"'>                                
</span></font></span></span></font><![endif]><font size=2 color=black
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:black'>Last
edited 15:49<o:p></o:p></span></font></p>

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<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline'><st1:country-region
w:st="on"><st1:place w:st="on"><font size=2 color=black face=Arial><span
  style='font-size:10.0pt;font-family:Arial;color:black'>France</span></font></st1:place></st1:country-region><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'> seized $700 million in payments to Russian space companies
Roscosmos and Russian Satellite Communications in connection with the case of
former shareholders of defunct oil company Yukos, The American Lawyer magazine
reported Monday.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline;
outline: none;box-sizing: border-box;font-stretch: inherit;orphans: auto;
text-align:start;widows: 1;-webkit-text-stroke-width: 0px;word-spacing:0px'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>In total, <st1:country-region w:st="on"><st1:place w:st="on">France</st1:place></st1:country-region>
has seized Russian assets worth $1 billion following the Kremlin's refusal to
pay damages to former Yukos shareholders.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>In July 2014, <st1:City w:st="on">The Hague</st1:City>
international arbitration court ruled that <st1:country-region w:st="on"><st1:place
 w:st="on">Russia</st1:place></st1:country-region> must pay $50 billion for
expropriating the assets of Yukos.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline;
outline: none;box-sizing: border-box;font-stretch: inherit;orphans: auto;
text-align:start;widows: 1;-webkit-text-stroke-width: 0px;word-spacing:0px'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>The seized assets include $400 million owed by French-based
satellite provider Eutelsat to the Russian Satellite Communications company and
$300 million owned by French space launch provider Arianespace to <st1:country-region
w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region>'s
Roscosmos space agency, the magazine reported, citing the Shearman &
Sterling legal firm which represents the Yukos shareholders.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline;
outline: none;box-sizing: border-box;font-stretch: inherit;orphans: auto;
text-align:start;widows: 1;-webkit-text-stroke-width: 0px;word-spacing:0px'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>A representative of GML — which owns the Hulley Enterprises
and Yukos Universal companies that won the lawsuit against <st1:country-region
w:st="on"><st1:place w:st="on">Russia</st1:place></st1:country-region> —
confirmed to the RBC newspaper that the seized assets are related to Roscosmos
and Satellite Communications.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline;
outline: none;box-sizing: border-box;font-stretch: inherit;orphans: auto;
text-align:start;widows: 1;-webkit-text-stroke-width: 0px;word-spacing:0px'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>However, he didn't confirm the figures cited by The American
Lawyer.<o:p></o:p></span></font></p>

<p style='mso-margin-top-alt:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in;line-height:18.0pt;background:white;vertical-align:baseline;
outline: none;box-sizing: border-box;font-stretch: inherit;orphans: auto;
text-align:start;widows: 1;-webkit-text-stroke-width: 0px;word-spacing:0px'><font
size=2 color=black face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:black'>According to GML's representative, <st1:country-region w:st="on"><st1:place
 w:st="on">Russia</st1:place></st1:country-region> has appealed the seizure of
money owed to Roscosmos and Satellite Communications in French courts. Rulings
are expected this month.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>

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