Yukos sale: Russia defies US
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American courts came into direct conflict with Russia yesterday, after Russia insisted it would push on with plans to sell off the main chunk of stricken oil giant Yukos
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World crude prices rose Thursday after Russian oil company Yukos said a Moscow court&#39;s decision to effectively freeze its bank accounts threatened its ability to continue production.
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The Russian government yesterday night appeared to be preparing to sell the main asset of Yukos, the countryâs embattled oil company, for as little as $4 billion - a fraction of its fair value â-n a move analysts branded as âdaylight robbery
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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 which seeks to  halt Sunday's auction for at least 10 days.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS despite a U.S. bankruptcy court decision to block it for  several days.
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MOSCOW, Dec. 17 -- Russia pledged Friday to  ignore a U.S. court ban on the looming auction of oil giant Yukos' key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was expected to buy the unit.
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OSCOW, Sept. 2- World oil prices rose on Thursday after Russia&#39;s largest oil producer, Yukos, said a court ruling &quot;paralyzes&#39;&#39; the company&#39;s operations.
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The US ruling to block the sale of the mainproduction asset of Yukos injected fresh intrigue into the demise of Russia&#39;s largest oil company.
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Yukos shares rose more than 10% on Monday as Russia&#39;s leading energy firms said they would not bid for its main west Siberian production subsidiary.
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The Russian leader strongly defended the purchase by a state-controlled company of the winner of Sunday's auction for the largest subsidiary of the oil giant Yukos.
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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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In a surprising turn of events, an unknown company placed the winning bid for the oil arm of Yukos at a much publicised auction in Moscow on Sunday.
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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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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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The future of the Russian oil industry took an unexpected turn Sunday when a previously unknown investment group won an auction for the main production assets of embattled oil company Yukos.
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MOSCOW  - Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion US, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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YUKOS shareholders gave warning yesterday that the oil giantâs attempt to seek bankruptcy protection in the US was unlikely to prevent the Russian Government-ordered