"RIA Novosti has been recognized as a legal entity separate from the Russian government, so it should not be liable for its debts," the judge said.
A French court ruled last Tuesday that a Russian Central Bank account held with France's Calyon bank, which was frozen in January following a Noga suit, must be unfrozen.
Some assets of Russian organizations, including accounts held by the CBR and RIA Novosti, were frozen over a 49 million euro ($75 million) claim by the Swiss trading firm to secure the repayment of a debt accrued under barter oil deals struck with Russia's government in the early 1990s.
Since 1993, Noga has repeatedly applied for the seizure of Russian property abroad, including a sailing vessel and military aircraft that were taking part in exhibitions and shows. In 2005 it seized a collection of paintings owned by the Pushkin Fine Arts Museum in an attempt to secure the repayment of debts.
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News that Moscow Mayor Sergei Sobyanin would resign in order to run for the mayoral election in September came as quite a shock. Sobyanin’s political potential is fairly dubious, not to mention his approval ratings. He has not finished many of the projects he initiated and the electoral effect from these projects is expected to come a bit later than September 2013. Sobyanin’s opponents were not entirely unprepared for this blitzkrieg.