RA’s Daily Russia News Blast – July 28, 2014

The Permanent Court of Arbitration in the Hague will announce today that Russia must pay $50 billion to former shareholders of Yukos, having ruled that Russia has infringed an international Energy Charter covering legal issues for energy investments, according to a Kommersant report. A German article says it has evidence of a Kremlin power struggle that has emerged in response to Western sanctions, with a number of officials reportedly wanting to withdraw support for President Vladimir Putin over business concerns. Former Finance Minister Alexei Kudrin estimated that Russia’s economy ‘would collapse within six weeks’ if sanctions were to be imposed against Russia’s entire finance sector. The Foreign Ministry says it interprets expanded E.U. sanctions as a sign of scaled down cooperation over issues of international security. The U.S. State Department has released satellite images of blast marks that, it says, prove that rockets were fired from Russian into Ukraine in the last seven days. Over 40,000 refugees from Ukraine have fled to Russia’s Rostov region since conflict with Ukraine began. The food safety watchdog has imposed a ban on all imports of Ukrainian dairy products and products containing dairy; cheese is Ukraine’s 10th largest export to Russia.