One Year Later, Yukos Near Destruction
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One year after Mikhail Khodorkovsky's arrest at gunpoint on a Siberian airport runway, the politically charged face-off between authorities, Russia's richest man and the Yukos oil giant has left the nation's No.1 oil company a hair's-breadth from destruction.
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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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Nearly a year after Mikhail Khodorkovsky, founder of YUKOS, was arrested it is increasingly likely the oil firm&#39;s prime asset will end up in state hands while foreigners may play a role in the carve up.
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MOSCOW, NOVEMBER 19: Russia pressed ahead on Friday with the last step in the destruction of embattled oil major Yukos, saying it will auction its main Siberian unit on December 19 at a starting price of $8.65 billion.
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RUSSIAâS business leaders are bracing themselves for a further assault from the Kremlin after the effective renationalisation last week of Yukos, the oil company formerly headed by Mikhail Khodorkovsky, the jailed billionaire tycoon.
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In what essentially has turned into a game of chicken, with the winner obvious, embattled Russian oil giant Yukos intends to cause as much havoc as it can before it is torn apart by the Kremlin.
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The troubles of Yukos drive up the price
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RBC, 25.10.2004, Moscow 17:27:13.It has been one year today since former YUKOS CEO and its major shareholder Mikhail Khodorkovsky was arrested.
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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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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will ask shareholders to consider declaring bankruptcy to protect assets from government demands for $14 billion in back taxes, more than the company&#39;s market value.
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Russia faces major challenges to structure the $9.4 billion purchase by state firm Rosneft of stricken oil major YUKOS&#39;s key unit after Western lenders got cold feet, analysts said on Wednesday.
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Russian oil major Yukos is expected to face the auction of its main subsidiary by the end of the month at a price far lower than its estimated worth, a move analysts say could ruin the company and destroy the equity of minority shareholders.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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MOSCOW Yukos, Russia&#39;s largest oil producer, has said that the tax authorities have sent a bill for 2002 back taxes and penalties totaling nearly $1 billion to its largest unit, Yuganskneftegaz.
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Crude oil futures were little changed close to a one-month high on concern Russian exports will be disrupted after utilities cut some power supplies to OAO Yukos Oil Co.
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In raising its reserve estimates, Yukos reiterated that it was operating on a "day to day basis and was still close to filing for bankruptcy."
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The Russian Tax Ministry said Friday that oil giant Yukos owes another 119.887 billion rubles (some 4.1 billion US dollars) in back taxes for the year 2001.