Pressure mounts on Yukos as executive held
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MOSCOW: Russia arrested an executive of embattled oil major Yukos yesterday and put the firm&#39;s top lawyer on the wanted list, stepping up pressure on the company ahead of its widely expected demise.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to consider whether to file for bankruptcy or liquidate the firm after it was hit with huge
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The CEO of the shattered Russian oil giant Yukos said Tuesday that the company is pushing ahead with a strategy for its remaining divisions but will be cutting jobs following the government's seizure and auction of its main production subsidiary.
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Russia&#39;s embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Yukos warned yesterday that it is no longer able to pay staff wages and that oil production could stop any day. The latest problems to beset Russia&#39;s biggest oil company sent the price of crude racing ahead again on the global markets.
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Russian prosecutors have issued an arrest warrant for Yukos&#39; chief lawyer and arrested another executive from the oil firm on suspicion of embezzlement.
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Russian authorities piled up yet more pressure on the embattled Yukos oil giant, issuing a warrant against its chief lawyer and promising to increase its multi-billion-dollar tax bill.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, called on banks to reconsider participation in the sale of its biggest unit, after a US judge temporarily barred them from the process.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill.
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The main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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Russian oil major YUKOS again warned on  Thursday that it may be forced to cut output after saying that  a Moscow court ruled this week that $2.6 billion of company  funds could be seized by the authorities.
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The Russian government on Thursday issued an arrest warrant for the chief lawyer for Yukos, the country&#39;s No. 1 oil producer, and arrested a midlevel executive at a company subsidiary.
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Russia&#39;s oil giant Yukos requested to block the auctioning off of its main production unit Yuganskneftegaz in Moscow on Sunday.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company&#39;s chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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MOSCOW - The top management of oil major Yukos has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a Yukos source said on Thursday.
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Yukos' main shareholder files a legal complaint to prevent Russia selling off the embattled oil giant's key unit,  reports say.
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The identity and motivation of the new owner of Yukos' main production division is the subject of frantic speculation in Moscow.