Ian Bond speaks to BBC World on the Yukos Oil v Russia case

Russia will appeal against a international court ruling that it should pay $50bn (£29.5bn) in damages, the biggest compensation package ever. Russia was told to pay the money to former shareholders in the now defunct oil producer Yukos.

"[The Yukos Oil Company v Russia case]...underlines that Russia is a very difficult place to do business and its a place where the rule of law does not run...And so I think this is a very important case and probably a rather chilling case for people who might have been contemplating investing in Russia", said Ian Bond on BBC World Business and Economics News.