U.S. Protests Sale of YUKOS Unit, Warns Russia
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The Bush administration on Tuesday  protested Russia's auction of YUKOS's main oil production unit  and warned it could have a "chilling effect" on foreign  investment in Russia.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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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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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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MOSCOW  - Russia's Federal Property Fund plans to go ahead with the auction of the largest production unit of the embattled oil giant Yukos regardless of a U.S. court injunction against a sell-off that is likely to put the heart of the company's operations under state control, an official said Saturday.
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HOUSTON, United States  - Troubled Russian oil titan Yukos warned that it will sue and seek damages against any parties to the forced weekend auction of its Yuganskneftegaz unit to the little-known Baikalfinansgroup.
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Embattled Russian oil major YUKOS   should hear later Thursday whether a U.S. bankruptcy court will  back its last-ditch attempt to halt the sale due Sunday of its  main production unit.
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MOSCOW: Embattled Russian oil major Yukos should hear later today whether a United States bankruptcy court will back its last-ditch attempt to halt the sale due on Sunday of its main production unit.
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The embattled Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order and injunction against the auction of its main production unit that is scheduled for Sunday.
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Russian oil giant Yukos yesterday increased the stakes in its battle with the Kremlin when it filed for bankruptcy in the United States in an unusual move possibly intended to pitch Washington against Moscow.
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MOSCOW The Russian oil producer Yukos sought bankruptcy protection in the United States on Wednesday and requested an emergency court hearing to stop the Russian government&#39;s auction of its largest production unit.
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The Russian government will sell a majority stake in the main production unit of the embattled Yukos oil company at an auction scheduled for Dec. 19, the Interfax news agency reported Friday.
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In an eleventh-hour move, the Yukos oil company has filed for bankruptcy in a United States Court and is demanding the cancellation of an auction of its main production unit slated for Sunday.
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The largest shareholder of Yukos says it will sue whoever buys the oil's firm main production unit, put up for sale against its will.
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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 that seeks to halt  Sunday's auction for at least 10 days.