LONDON, March 2, 2026 – The High Court in London ruled today that the Yukos arbitration awards should be recognized and that the former majority shareholders can enforce them against the Russian Federation in England and Wales. Building on earlier enforcement milestones in The Netherlands, the ruling adds England and Wales as another key jurisdiction where the former majority shareholders can pursue enforcement of the largest arbitral awards in history – currently exceeding $66 billion including interest. Additional recognition and enforcement proceedings are underway in other jurisdictions, including the United States and Singapore.