Ace News Services

#AceNewsReport – Featured Post:LONDON:June.23: The Yukos case does not concern state companies such as Gazprom and Rosneft. The Yukos case will not affect Russia’s state-owned companies like Gazprom or Rosneft, only targeting the government’s directly owned assets, Tim Osborne, director of GML, the former Yukos holding company, told Sputnik on Monday.

“Well yes we haven’t yet targeted the companies that are controlled by the state. We have solely targeted the assets that are directly owned by the Russian Federation,” Osborne said.

According to Osborne, the arrest of Russian state companies’ assets, including those of Gazprom and Rosneft, is an arduous process. It entails convincing the courts that Russia owns not only shares in the company, but that these companies are state agents, the Yukos lawyer said.The GML head told Sputnik the company is mostly approaching banks that are believed to hold Russian accounts and “certain…

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