Yukos CFO delays return to Russia
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MOSCOW The chief financial officer of Yukos, Russia&#39;s embattled oil company, said Thursday that he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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MOSCOW  - Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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MOSCOW - Russia&#39;s Yukos oil company is suspending oil exports to the Chinese National Petroleum Corp. because it cannot afford to pay transport expenses, a news agency reported 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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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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The American chief executive of Yukos said that he "fully intends" to return to Moscow next month to run the company.
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The Russian government delays a decision on whether to revoke Yukos' Siberian oil licences by three months.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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Almost a year has passed since the then-Yukos CEO Mikhail Khodorkovsky was jailed. Meanwhile, the oil giant he founded is about to lose its core asset, Yuganskneftegaz, that produces 60 per cent of all its oil.
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Russia&#39;s Natural Resources Ministry has postponed consideration of whether to suspend the licenses of the main subsidiary of the troubled giant oil firm Yukos.
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MOSCOW, Dec. 17 -- Russia pledged Friday to  ignore a U.S. court ban on the looming auction of oil giant Yukos' key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was expected to buy the unit.
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MOSCOW A Moscow court has barred the embattled Russian oil company Yukos from holding an emergency meeting at which shareholders were to vote on liquidating the company, an executive at another oil giant said Thursday.
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MOSCOW  - Russia&#39;s economy minister German Gref is trying to halt plans for the Gazprom monopoly to bid for the main production unit of embattled Yukos, but is unlikely to succeed, analysts said.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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Russia&#39;s Resources Ministry will decide in two weeks whether to revoke the production licences of oil major Yukos key Siberian unit Yugansk after it stopped paying taxes, a ministry source said Friday.
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The Moscow City Court ruled Wednesday that Mikhail Khodorkovsky, the former CEO of embattled oil giant Yukos, remain behind bars until Feb. 14 as he is tried on criminal fraud and tax evasion charges.
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A Moscow court on Tuesday delayed a  hearing into a $22.5 billion lawsuit by Russia&#39;s federal  customs service against Bank of New York to November after the  plaintiffs asked the Foreign Ministry to intervene.