Yukos, Rosneft reach settlement agreement

Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stichting Administratiekantoor Yukos International, Stichting Administratiekantoor Financial Performance Holdings, Consolidated Nile, LP, General Nile, LLC, Yukos International (UK) B.V., Luxtona Limited, Financial Performance Holdings B.V., Yukos Hydrocarbons Investments Limited, CN & GN (PTC) Ltd., as well as with individuals controlling these companies. In accordance with the agreement’s conditions the sides withdraw all mutual claims, stop all legal and other disputes and pledge not to lay claims on each other in the future due to the bankruptcy and dissolution of Yukos. The agreement does not envisage any monetary or other payments from Rosneft or its subsidiaries.
On March 31, 2015, the parties completed the deal and signed all the necessary documents regarding the recall of all legal arguments being carried on in the Netherlands, the UK, USA, Russia and other jurisdictions.