Judge Orders Halt to YUKOS Unit Auction
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A U.S. bankruptcy court on Thursday  stepped into the ongoing battle between YUKOS YUKO.RTS and the  Russian government, issuing an order to block the impending  auction of the company's main oil-producing arm.
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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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A Russian court yesterday rejected the Yukos oil company's appeal to suspend government efforts to collect $3.4 billion in back taxes -- a massive bill that has put Russia's largest oil producer on the verge of ruin.
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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  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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The Russian government delays a decision on whether to revoke Yukos' Siberian oil licences by three months.
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MOSCOW - Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company Yukos despite a US bankruptcy court decision to block it for several days.
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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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Russian natural gas monopoly Gazprom on Saturday filed an appeal in US district court seeking to overturn a bankruptcy judge&#39;s temporary restraining order blocking the auction of Yukos&#39; (YUKO.
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OAO Gazprom, Russia&#39;s state-run gas producer, today appealed a US bankruptcy judge&#39;s ruling that bars it from bidding for the main unit of OAO Yukos Oil Co.
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Oil major YUKOS  said on Wednesday it had filed for bankruptcy protection in a U.S. court and would seek an order from the court to halt the Dec. 19 auction by the Russian state of its main production unit.
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SAN FRANCISCO (CBS.MW) -- Russian oil giant Yukos, fighting to keep Moscow from auctioning off its biggest asset, has been granted a hearing Thursday before a federal bankruptcy court judge in Houston.
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A Russian court on Tuesday was to consider the beleaguered Yukos oil company's appeal to suspend government efforts to collect &#36;3.4 billion in back taxes &#151; a massive bill that has put Russia's largest oil producer on the verge of ruin.
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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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The Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order against the auction of its main production unit that is scheduled for Sunday - dramatically challenging the Russian government to enter arbitration proceedings.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a U.S. 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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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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Russian oil company Yukos, possibly making its last stand to prevent Russia from selling its main production unit in a tax dispute, asked a US bankruptcy judge Thursday to block a scheduled auction of the unit.