Russian Court Rejects Prosecutor's Seizure of St. Petersburg Oil Terminal Stake

The Arbitration Court of St. Petersburg rejected the General Prosecutor's Office claim to seize 45% of the St. Petersburg Oil Terminal from the Vasiliev couple, a rare defeat for the state in asset seizure cases. The state had already taken 55% from Dmitry Skigin and transferred it to Roskhim, led by Igor Rotenberg. This ruling may signal limits to state expropriation, though the prosecutor's office could appeal.