LONDON, JUNE 30, 2025 – Concluding that it “does not raise an arguable point of law”, the Supreme Court of the United Kingdom today rejected the Russian Federation’s last remaining appeal against the Court of Appeal’s unanimous judgment back on February 12^th, which confirmed that Russia was not protected by state immunity in the recognition and enforcement proceedings brought by the former Yukos majority shareholders. This means the issues of jurisdiction and sovereign immunity have been resolved in favour of the former Yukos majority shareholders, who will now focus all their energies on getting the $63 billion awards recognized in the United Kingdom so they can be enforced against Russian state assets here.