The decision has come down from the high court and the explanations are supplied regarding who gets what…
The enforcement judge (juge de l'exécution) of the High Court of Paris (Tribunal de grande instance de Paris) entered a decision on 15 April 2015 to lift the attachment from the receivables owed by EUTELSAT to RCSS under their current contracts, obtained earlier by the Cypriot company Hulley Enterprises, YUKOS’s former shareholder.
The French court has held that the attached assets did not belong to the Russian Federation but were the property of RSCC. Consequently, and therefore, they could not be identified as the Russian Federation’s debt.
“We are satisfied with the equitable decisions of the French court,” commented Yuri Prokhorov, RSCC Director-General. “Also, we are looking forward to further successful cooperation with our strategic partner, Eutelsat, in satellite communications and digital broadcasting.”
The Russian Satellite Communication Company (RSCC) is the Russian state satellite operator whose spacecraft provide a global coverage. RSCC belongs to the ten largest world satellite operators in terms of satellites and orbital slots.
RSCC provides a full range of communications and broadcasting services via its own satellite fleet of 13 satellites and terrestrial infrastructure: video distribution and contributions, DTH services, satellite news gathering, presidential and government applications, broadband access and Internet, IP trunking and cellular backhaul, mobility solutions for vessels and other. The company deploys regional TV satellite distribution networks as well as multi-functional corporate and government VSAT networks. Besides, RSCC provides satellite telemetry, tracking and control services to other operators.
Today RSCC is present at all geographically available markets, providing services for customers from 52 countries worldwide.
The company possesses the largest satellite constellation in Russia located in the geostationary orbital arc from 14 West to 145 East and covers the entire territory of Russia, the CIS, Europe, the Middle East, Africa, the Asia Pacific region, North and South America, and Australia.
RSCC includes five teleports—Satellite Communications Centers (SCC): Dubna, Bear Lakes, Skolkovo, Zheleznogorsk, Khabarovsk and the Shabolovka Technical Center in Moscow as well as its own high-speed optical-fiber digital network.
RSCC reports to the Federal Communications Agency (Rossvyaz).
