YUKOS Top Managers Leave Russia Fearing Arrest
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a YUKOS source said on Thursday.
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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 identity and motivation of the new owner of Yukos' main production division is the subject of frantic speculation in Moscow.
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The Russian government issued an arrest warrant for the chief lawyer for Yukos and arrested a midlevel executive at a company subsidiary.
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Under a powdery gray Moscow sky, YUKOS employees trudged through the snow to work on Friday, fearful for the future but afraid to speak out against a government about to dismember the once-mighty oil firm.
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BEIJING: Chinese Premier Wen Jiabao left here for Kyrgyzstan and Russia a day after embattled Russian oil giant Yukos said it was slashing supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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MOSCOW -- A half-dozen executives of Yukos, the embattled oil giant, have left Russia and the company's chief financial officer said he won't return until he learns whether the government plans to charge him.
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MOSCOW, Aug. 28 -- A Moscow court said Tuesday that it has issued an arrest warrant for Mikhail Gutseriyev, owner of Russneft, a major Russian oil company. He appeared to have become the latest Russian tycoon to flee the country after running afoul of the authorities. Gutseriyev is believed to ...
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MOSCOW Yukos has moved closer to collapse after six of the Russian oil company&#39;s top executives, including the American chief executive and the chief financial officer, fled the country, citing fear of persecution from the Kremlin.
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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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Russia left YUKOS and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company&#39;s chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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A half-dozen executives of embattled oil giant Yukos have left Russia and the company&#39;s chief financial officer said Thursday he won&#39;t return until he learns whether the government is planning charges against him.
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Russian prosecutors seize financial documents from oil giant Yukos, raising fears of fresh tax demands.
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MOSCOW  - A half-dozen executives of embattled oil giant Yukos have left Russia and the company's chief financial officer said Thursday he won't return until he learns whether the government is planning charges against him.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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Russia's justice ministry announced plans to break up the Yukos oil giant in a fatal blow to Russia's largest oil producer and former Western investor darling that once dared challenge President Vladimir Putin's rule.