Russian shares down, Rosneft falls after Yukos case report

by Reuters
Monday, 28 July 2014 06:12 GMT

MOSCOW, July 28 (Reuters) - Russian assets fell on Monday after a newspaper reported that shareholders in now-defunct oil producer Yukos had won a $50 billion international court case against Russia and because of tension over Ukraine.

At 0605 GMT, the dollar-denominated RTS index was down 1.7 percent at 1,224.8 points, while its rouble-traded peer MICEX traded 1.17 percent lower at 1,371.8 points.

Shares in Russia's top oil producer, Rosneft, were down 1.9 percent after the Kommersant daily reported a court in the Hague would rule that Moscow must pay $50 billion for expropriating Yukos assets. Most were handed to Rosneft in auctions. (Reporting by Vladimir Soldatkin, editing by Elizabeth Piper)

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