Russia had challenged whether a Geneva arbitration court was competent to hear the case brought by the financial arm of Yukos, an independent Russian oil firm that was dismantled and absorbed by the state-held Rosneft.
The court rejected that argument, which was predicated on Russia’s parliament having ultimately rejected the energy charter treaty that governs cross-border energy trading and investments.
The verdict was handed down by the Federal Court in August but could only be published on Monday.
The case was but one part of a vast legal saga concerning the dismantlement of Yukos.
Kremlin critic
The company broke up in the early 2000s after the arrest of its former owner, the Kremlin critic and ex-tycoon Mikhail Khodorkovsky, and Rosneft came away with most of its assets following a murky auction process.
Khodorkovsky had become a vocal critic of Russian President Vladimir Putin, spent a decade in jail before he was pardoned in 2013 and allowed to go into exile. He lives in Britain.
A case brought by Yukos investors has been bouncing around the Dutch courts, with the supreme court last year scrapping an order for Russia to pay $50 billion and sending it back to lower courts.
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Leading Russian opposition figures criticise Switzerland
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They accuse the country of still hiding behind neutrality and granting Putin’s confidants too many loopholes.
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Small and medium-sized businesses (SMEs) in Switzerland are extremely pessimistic about ongoing geopolitical tensions and US President Donald Trump's tariff policy, according to a survey.
Swiss minister highlights Blatten ‘miracle’ at disaster reduction meeting
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The fact that only one person is missing after the huge glacier collapse that engulfed the Swiss mountain village of Blatten last week is "almost a miracle", according to Foreign Minister Ignazio Cassis.
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The cantonal parliament of Vaud has approved a loan of CHF9.5 million ($11.5 million) for Château de Chillon, the most-visited monument in Switzerland.
Swiss party president Thierry Burkart to step down in October
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Thierry Burkart, president of the centre-right Radical-Liberal Party, wants to hand over the presidency in October, around two years before the next national elections.
Climate Alliance presents action plan on 20th anniversary
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The Swiss Climate Alliance has presented an action plan showing how Switzerland could make a success of the energy transition and achieve a net zero balance within ten years.
Swiss business group expects export slump after strong start to year
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The Swiss economy was still robust in the first quarter of 2025 but is coming under increasing pressure, says the Swiss business federation, economiesuisse.
Five arrested in Switzerland in human-trafficking raid
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Law enforcement authorities in Switzerland and Romania have busted a human trafficking ring. They arrested a total of 17 suspects.
OECD significantly lowers Swiss GDP forecast due to Trump
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The Swiss economy is likely to grow more slowly in 2025 and 2026 than previously assumed, according to the OECD economic organisation.
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Leonid Nevzlin: ‘Swiss Banks must choose – money or decency’
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Former energy magnate Leonid Nevzlin on western sanctions against Russia and Switzerland's role in the war against Ukraine.
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The visa allows him to travel freely within the 26-nation Schengen area, which includes Switzerland and much of the European Union, but not Britain. Citing data and privacy protection, the embassy provided no further information. The 50-year-old Kremlin critic, whose wife and children live in Switzerland, flew to Berlin on December 20, hours after being…
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