Update 1: Russia Doesn&#39;t Intend to Nationalize Yukos
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The Russian government does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if the embattled company&#39;s assets are put up for auction, President Vladimir Putin said Friday.
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Russia said on Saturday it had no plans  for a major build-up of forces following its decision to freeze  compliance with the Conventional Forces in Europe (CFE) treaty.
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Yukos' future is thrown into fresh doubt amid reports that Russia plans to sell 77% of its key oil production unit.
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MOSCOW A court here on Tuesday turned down two important appeals by Yukos, the largest Russian oil producer.
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Russia's President Putin denies claims that Russia is using its energy exports as a foreign policy tool.
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RBC, 30.12.2004, Moscow 16:41:14.YUKOS regards today&#39;s statement about the plans concerning Yuganskneftegaz as an effort of several people connected with Gazprom and Rosneft to escape legal responsibility for the unlawful selling of YUKOS&#39; main production
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but remain as a separate state-controlled group, the Russian government said yesterday.
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MOSCOW  - Oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7-billion-US back tax bill, the company's chairman said in a newspaper interview.
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Russia is considering forming a natural gas cartel, President Vladimir Putin has said, rejecting Western criticism of Moscow's reliability as an energy supplier and defending his record on democracy.
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Andrey Illarionov, Economic Advisor to President Putin, told reporters he did not see any real reason to sell Yuganskneftegaz, YUKOSâs key production asset.
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A Russian court on Thursday rejected an appeal by the Yukos oil company seeking to overturn a freeze on the accounts of the struggling oil giant&#39;s core subsidiaries.
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ONGC Videsh (OVL), the foreign arm of Oil and Natural Gas Corporation (ONGC), has categorically denied its involvement in the auction of the core assets of the embattled oil major Yukos last Sunday even as experts and the media remain clueless about an
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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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HAMISH ROBERTSON: But first to Moscow where the future of Russia&#39;s largest oil company, Yukos, isn&#39;t looking too bright this weekend.
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President Vladimir Putin of Russia has denied that politics was driving a legal crackdown on the Yukos oil giant and its founder, Mr Mikhail Khodorkovsky, a day after the firm&#39;s biggest shareholder launched legal action against the Russian government.
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MOSCOW - Russia is vowing to proceed with an auction of oil giant Yukos&#39; key production subsidiary, saying a US court ban is irrelevant.
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Description: Russian officials make it clear they plan to proceed with an auction of oil company Yukos&#39; main production unit, despite a restraining order from a US court.