MOSCOW, August 14 (RAPSI) - The District court of Amsterdam has ruled that Rosneft, Russia's largest state oil company, must pay 2,53 billion rubles ($76,6 million) to Glendale Group Ltd., the PRIME business news agency reported on Wednesday.

According to the Yukos library web site, Glendale Group Limited ("Glendale"), one of the subsidiaries in the Armenian branch, holds so-called "Promissory Notes", which were issued by the former YUKOS subsidiary Yuganskneftegaz in 2003. Promissory Notes are payment obligations embodied in writing in negotiable instruments. Promissory Notes require the issuer to pay the amount specified on the Promissory Note to the holder of the Promissory Note.

After Rosneft bought control of Yuganskneftegaz in 2004, it had to pay the Promissory Notes. When Glendale requested Rosneft to pay its debt under the Promissory Notes, Rosneft refused.

In 2007, Glendale filed a debt claim against Rosneft. The company asked to pay 3,53 billion rubles (app.107 million) in debt plus interests and penalties.

On 29 May 2013, the Amsterdam District Court granted the claim in part. The amount awarded to Glendale by the court consists of the capital sum of Glendale's awarded promissory notes (2,53 billion rubles) plus interests and penalties.