Russia's VimpelCom hit by mystery 5.5 billion dollar debt demand
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The VimpelCom mobile phone operator, recovering from a bruising row with Russia's tax authorities, said that its Kazakh subsidiary had received a Turkish court order demanding 5.5 billion dollars (4.2 billion euros) in debt.
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Moscow is demanding $160 million in back taxes fines and interest from the nation&#39;s No. 2 cellular company. The claim against OAO Vimpelcom is fueling fears that the Kremlin attack on oil giant OAO Yukos could
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Russia's No. 2 cell phone provider slows down, but just a bit.
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Global stock markets were walloped with a collective loss of 5.2 trillion dollars in the month of January as investors scurried for cover in the face of economic uncertainty, a report showed Friday.
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Russia's finance minister announces $5bn in extra funds for security services to help combat terrorism.
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More than 75 per cent of the beleaguered Yukos oil companyâs 2000 tax debt has been recovered from the company, a Russian Justice Ministry official was quoted as saying today.
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A $5 billion outlay makes Russia a top funder in government-sponsored nanotech research virtually overnight.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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Russian authorities are demanding that energy giant's Gazprom's nuclear division should pay $35.7m in back-taxes, a report says.
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ALARM has spread through the Russian investment community as authorities slapped a tax bill of almost $US160 million ($210 million) on the number two mobile operator, in what is widely seen as a government-linked campaign against the firm.
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Russiaâs Federal Tax Service has presented the countryâs second largest mobile operator VimpelCom with tax claims for 2001. The total amount of claims including fines and penalties is 4.4 billion rubles ($157 million).
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Russia&#39;s Tax Ministry says the country&#39;s giant oil firm Yukos owes more than $4 billion dollars in back taxes for the year 2001.
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Russia is considering an early repayment of its debt to the Paris Club group of rich lending nations.
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Thornburg Mortgage Inc., the jumbo mortgage specialist sued by the Wachovia Corporation last week, said that it repaid the $5.1 million in collateral that was the basis of the bankâs litigation.
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Many consumers are propping up their elaborate lifestyles with hidden debt. Itâs something no one likes to talk about.
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Russia, which has just acquired a 5.0-percent stake in the European aerospace consortium EADS, hinted that it might seek a &quot;blocking minority&quot; interest to have an impact on company policy.
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Russia will slash at least $9.5 billion of Iraq&#39;s debt to Moscow, Interfax news agency reported Monday. Iraq&#39;s debt to Russia will be reduced to $700 million to $1 billion