Russia raises Yukos bill by $700 million
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MOSCOW Russia&#39;s Tax Ministry raised its tax bill for 2001 against the foundering Yukos oil giant by $700 million, bringing total back-tax claims against the nation&#39;s biggest oil producer to $7.
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Russia will seek to raise at least 246.75 billion rubles ($8.6 billion) by selling a majority stake in OAO Yukos Oil Co.&#39;s main oil-producing unit next month, the Federal Property Fund said.
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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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MOSCOW Sept. 27, 2004 - Assets of Russia&#39;s beleaguered Yukos oil company should be sold for at least $15 billion, a senior official said Monday, as the company&#39;s main production unit is evaluated for sale against a crushing back-tax bill.
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Dresdner Kleinwort Wasserstein (DrKW) said it had recommended that a core asset of the oil giant Yukos be sold at between 14.7 and 17.3 billion dollars, higher than a state valuation released this week.
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The key production unit of beleaguered Russian oil giant Yukos was handed a back taxes bill for nearly $1 billion, the Interfax news agency reported Wednesday, apparently increasing the likelihood that the unit would be sold at auction.
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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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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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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill. Yukos has been ordered to pay $3.
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The Russian oil giant Yukos on Friday issued sharply higher revised estimates of reserves for its biggest subsidiary, one currently being appraised for sale by the government, and reiterated that Yukos was operating financially on a &quot;day-to-day&quot; basis and
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill.
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Russia was set to rip the heart out of  its biggest oil producer, YUKOS, on Sunday, with the auctioning  off of its core unit to meet tax bills in a move which will  boost the Kremlin's control of the nation's oil.
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President Vladimir Putin gave his blessing on Friday for Russian state energy firms to bid for oil major Yukos&#39;s assets if bailiffs put them up for sale to recover a huge back-tax bill.
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Russia sets a date and price for the auction of embattled Russian oil giant Yukos' main unit, as it seeks payment of a massive tax bill.
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MOSCOWâThe Moscow Arbitration Court ruled yesterday that embattled oil giant Yukos must pay the equivalent of about $1.7 billion (Canadian) in fines and penalties as part of a $5.
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President Vladimir Putin gave his blessing on Friday for state energy firms to bid for oil major YUKOS&#39; assets if bailiffs put them up for sale to recover a huge back-tax bill.
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Despite reports that the beleaguered oil giant Yukos could receive yet another back tax bill in addition to the &#36;7.5 billion in claims it already faces, the company's stock rallied slightly Thursday on a new statement by President Vladimir Putin that he is not seeking the company's bankruptcy.