Russia rejects US court freeze on Yukos auction
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MOSCOW: Russia forged ahead yesterday with the weekend auction of the core asset of crippled oil giant Yukos despite a US court order barring the sale, as the state-controlled gas monolith Gazprom entered the bidding.
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Russian oil giant Yukos files for bankruptcy protection in the US in a last ditch effort to stop the Kremlin auctioning its main production unit.
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MOSCOW: Russia has said it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order that seeks to halt Sundayâs auction for at least 10 days.
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A Russian court today rejected the beleaguered oil company's appeal to suspend government efforts to collect $3.4 billion in back taxes.
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A U.S. district court judge on Saturday  upheld a bankruptcy court order temporarily blocking Russian  gas monopoly Gazprom from bidding in the auction of Russian oil  giant YUKOS' main production subsidiary.
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Investors refrained from trades in Yukos as they awaited a critical court decision on whether Russia's embattled oil giant could use its contested stake in a rival company to pay off its crushing tax bill.
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A Russian court on Thursday rejected an appeal by the Yukos oil company seeking to overturn a freeze on the accounts of the struggling oil giant's core subsidiaries.
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MOSCOW - Russia is vowing to proceed with an auction of oil giant Yukos&#39; key production subsidiary, saying a US court ban is irrelevant.
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Russian officials Wednesday shrugged off the decision by embattled oil giant Yukos to file for bankruptcy protection in the US, saying the move was politically motivated.
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A Moscow court has rejected a request to drop part of the criminal case against the jailed former chief of Yukos oil company, Mikhail Khodorkovsky.
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WASHINGTON  - Lawyers for the Russian oil giant Yukos made their first appearance in a US court, as the company made a last-ditch effort to avert a weekend auction of its major asset.
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Oil giant Yukos files for bankruptcy protection in the US in a last ditch bid to prevent the Kremlin auctioning its main asset.
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Stricken Russian oil giant Yukos was hoping that a US court would grant it bankruptcy protection, scaring off Western banks planning to finance a Russian state-directed takeover of its main asset.
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MOSCOW  - Russia pushed ahead with the weekend auction of the core asset of oil giant Yukos despite a US court order barring the sale, a rare legal victory that is unlikely to prevent the state from gaining control.
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Russia's Federal Property Fund said on  Friday it intended to go ahead with an auction of oil major  YUKOS' main unit Yuganskneftegaz despite a U.S. court decision  to freeze the state-imposed sale.
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A Russian court on Thursday rejected an appeal by the Yukos oil company seeking to overturn a freeze on the accounts of the struggling oil giant&#39;s core subsidiaries.
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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.