European Court of Human Rights
European Court of Human Rights

Russia: Court ruling looms in Soviet-era premium bonds human rights dispute

Fifteen Russians will find out tomorrow if they have the backing of human rights judges in their bid to force Russia to honour its Soviet-era premium bonds obligations.

The case Volokitin and Others v. Russia (no. 74087/10 and 13 other applications) will be the subject of a European Court of Human Rights ruling on 3 July.

The applicants are 15 Russian nationals who were born between 1935 and 1981 and live in Russia.

The case concerns their complaint that the authorities have not redeemed premium bonds issued by the former Soviet Union in 1982, even though Russia has taken on the obligation and has drawn up framework legislation to honour the debt.

However, the implementation of that legislation has been repeatedly suspended.

The applicants complain about the lack of redemption by relying on Article 1 of Protocol No. 1 (protection of property) to the European Convention.

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