The founder of Rolf said that he would seek compensation from Russia for the nationalization of the company

The founder of the Rolf car dealer, Sergei Petrov, said that he plans to seek compensation in foreign courts from the Russian authorities for transferring the company under state control. He said this in an interview with Bloomberg.

As an example, he cited the case of former Yukos shareholders, who were awarded more than $50 billion in compensation by a court in the Netherlands, finding that the Russian authorities had illegally nationalized the company. At the same time, the Russian authorities did not comply with the court decision to pay compensation.

Petrov's lawyers also filed a lawsuit with the UN Human Rights Committee on the basis of the International Covenant on Civil and Political Rights. Details of the claim are not provided in the publication.

• In February 2024, a court in St. Petersburg, following a claim by the Prosecutor General's Office of the Russian Federation, recovered the assets of the Rolf car dealer in favor of the state. The agency asked to transfer to the state all shares of the car dealer and its subsidiaries, as well as 100% of shares in their authorized capital - as property received in violation of anti-corruption legislation. The total value of assets is estimated at 60 billion rubles. The prosecutor's office explained its claim by the fact that the founder of Rolf, Sergei Petrov, combined parliamentary powers with managing the company in 2007-2016. Shortly before this, Russian President Vladimir Putin signed a decree transferring the Rolf company to the temporary management of the Federal Property Management Agency, thus using a mechanism created for the actual nationalization of assets of “unfriendly” countries.
• In July 2014, a court in The Hague ordered Russia to pay compensation in excess of $50 billion to three former Yukos shareholders (Hulley Enterprises, Veteran Petroleum and Yukos Universal). According to the Dutch court, in the early 2000s, Russian authorities illegally nationalized the company. Russia successfully overturned the decision in the District Court of The Hague, but in February 2020, the Court of Appeal of The Hague again ordered Russia to pay compensation. In December of the same year, the Russian Constitutional Court allowed the Russian government not to enforce the decision of the international arbitration in The Hague. In February 2024, the High Court in London seized a plot of land owned by Russia in the Yukos case.