Latest development Oct 2026
The D.C. Circuit’s decision is pending. The D.D.C. is considering whether to stay the Hulley case until it rules.
The award
- Amount awarded
- About $5.03B with interest, as petitioned in the United States. The principal was reported at about $2.6B (not verified).
- Current estimate
- “Almost $5B” with interest (U.S. amicus brief, July 2026)
- Award holder
- Yukos Capital Ltd (formerly Yukos Capital SARL)
- Respondent
- Russian Federation
- Forum
- PCA 2013-31 · ECT · UNCITRAL 1976 · seat Geneva
Challenges
The Swiss Federal Supreme Court dismissed Russia’s challenge on August 24, 2022 (4A_492/2021).
Enforcement
United States: the D.D.C. (22-cv-798) denied Russia’s motion to dismiss on June 11, 2025. The D.C. Circuit heard Russia’s interlocutory appeal (No. 25-7097) on May 15, 2026, and the U.S. government filed an amicus brief on July 20, 2026. Other jurisdictions not verified.
Recovered to date
None reported
Notes
Principal figure not verified.