Yukos accounting division raided; Russian official warns of money drain
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MOSCOW  - Russian prosecutors continued their onslaught against the country's largest oil producer on Thursday, raiding the accounting division of Yukos and seizing documents.
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Russian oil major YUKOS again warned on Thursday that it may be forced to cut output after saying that a Moscow court ruled this week that &#36;2.6 billion of company funds could be seized by the authorities.
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The Russian Justice Ministry will sell part of the Yukos oil company&#39;s assets to cover its back taxes,the Interfax news agency reported Tuesday.
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Business & money: Â· Miners also accused of exaggerating reserves   Â· Fears of renewed Kremlin attack on resources sector
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YUKOS oil company announced December 15 it has filed for bankruptcy protection today. Please see the company&#39;s statement below.
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RUSSIAN OIL FIGHT: The main production subsidiary of oil giant Yukos, Yuganskneftegaz, is scheduled to be auctioned off by the Russian government on Sunday to pay off &#36;28 billion in back taxes it says Yukos owes.
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Russian prosecutors seize financial documents from oil giant Yukos, raising fears of fresh tax demands.
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Shares in the beleaguered Russian oil company Yukos fell Monday following a report that tax officials are preparing a separate &#36;3 billion tax claim against its main subsidiary.
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MOSCOW : Russian authorities hit the bruised Yukos oil giant with a battery of fresh tax claims which could see the firm&#39;s total debt soar to an astronomical 17 billion dollars.
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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company&#39;s crushing back taxes bill from its frozen bank accounts.
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Yukos shares plunged 18% on the Russian exchange yesterday after reports that the oil firm has been hit with another back-tax bill, bringing its total debt to $17bn (Â£9.
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The heart of the Yukos oil empire will be auctioned by the government next month for what could be a bargain price to pay back a mounting multibillion-dollar tax bill  --  a dramatic finale to a relentless 18-month official probe that could destroy Russia's largest oil producer. A top Yukos manager slammed the plans as "government-organized theft."
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Oil giant Yukos has its tax bill for 2001 upped by Russia's tax ministry, a move that may push it closer to 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.
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Russian officials demanded up to $10 billion in additional taxes from Yukos and its soon-to-be-sold main unit on Monday, pushing the debts of Russia&#39;s embattled No.
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Russian tax authorities have slapped oil giant Yukos and its main production unit with two new tax claims, raising the company&#39;s total bill to more than $17.
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Yukos could declare bankruptcy before the new year following fresh claims that could leave the embattled gas giant facing a tax bill for $17 billion.