Khodorkovsky blasts Putin as Yukos defaults
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The credit rating of the Russian oil group Yukos was cut to default by Standard &amp; Poor&#39;s yesterday, after it missed an interest payment on a $1bn (Â£520m) loan.
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President Vladimir Putin used a year-end news conference yesterday to sharply criticize a wide range of US actions and attitudes on Ukraine, Chechnya, Yukos Oil Co., and the issue of democracy within Russia.
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Russian President Vladimir Putin accuses the West of using "double standards" in democratic elections.
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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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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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Russian prosecutors have charged jailed  oil tycoon Mikhail Khodorkovsky with money-laundering, Interfax  news agency quoted one of his lawyers as saying on Monday.
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Mikhail Khodorkovsky, former chief of Yukos, once the largest petroleum exporter in Russia, told the Russian courts from jail that he did not have enough money to pay the company&#39;s tax debt.
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Mikhail Khodorkovsky, Russiaâs richest man until his arrest on fraud and tax evasion charges last year, from his Moscow prison cell today accused the Kremlin of stealing his Yukos oil empire by manipulating the law.
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The core shareholder group of the Russian oil company Yukos has launched legal proceedings against the Kremlin under the international energy charter and says it will sue the company that wins its main production unit at auction next month, in a last
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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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The former head of Russia&#39;s once-mighty Yukos oil group said President Vladimir Putin&#39;s drive to liquidate the company has been destructive and senseless.
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International credit rating agency Standard and Poor&#39;s says it has cut its rating on Yukos to default after the struggling Russian oil group missed an interest payment.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a US court and would seek an order from the court to halt the Dec. 19 sale by the Russian state of its main oil unit.
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Yukos warned yesterday it could declare bankruptcy within months following fresh tax claims that could leave Russia&#39;s biggest oil company facing an astronomical bill of $17 billion (R104 billion).
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Prosecutors filed charges Monday against the business partner of jailed Russian oil tycoon Mikhail Khodorkovsky, the Interfax news agency reported, citing the partner's lawyer.
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Observers say the cases against Yukos and Mikhail Khodorkovsky are part of a two-pronged Kremlin drive aimed at clipping Khodorkovsky&#39;s wings after he funded opposition parties last year
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President Vladimir V. Putin on Thursday strongly defended Russia&#39;s takeover of the main subsidiary of the Yukos oil company by a state oil company.