Yukos faces tax payment deadline
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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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The Moscow Arbitration Court ruled on Monday that the YUKOS oil company must pay RUR 39.113bn (about $1.34bn) as part of its back tax claim for 2001.
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The Russian oil company, Yukos, continued its legal battle with the Russian government in two-thousand-four. The government reported this year that Yukos owed more than twenty-seven thousand million dollars in taxes.
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The main shareholder of Russia&#39;s giant oil firm Yukos is reported to have filed suit for compensation from the upcoming forced sale of the company&#39;s top production unit.
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The Yukos oil company&#39;s appeal of its crushing 2000 back-taxes bill was put off until next month, the Interfax news agency reported Tuesday.
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OAO Yukos Oil Co., battling to avert bankruptcy, said the Russian government may be considering ways to settle a $7.5 billion tax bill without taking over the company&#39;s biggest oil-producing unit.
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MOSCOW: Russian oil major YUKOS is poised to lose its core Siberian units, but the state will postpone its final move to dismantle the giant firm beyond next weekâs tax deadline, analysts predicted on Friday.
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Russia's oil major YUKOS has asked the Lithuanian government to postpone at least for four months the procedure of purchase of shares of the Mazeikiu Nafta oil processing complex of Lithuania, YUKOS ...
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LONDON, October 11  - Embattled Russian oil giant, Yukos Oil (YUSA.FSE), has been ordered to pay $1.34 billion in fines and penalties for failing to pay its tax liabilities for 2001 on time.
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Russia's Yukos oil company has paid &#36;2.2 billion of its &#36;3.4 billion tax bill for 2000, Yukos' top finance official said Friday, as he renewed warnings that the embattled company was close to bankruptcy.
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Beleaguered Russian energy giant Yukos has warned that it will not produce as much oil as expected this year. It blames bailiffs who are draining its bank accounts to pay its potentially ruinous tax bill.
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MOSCOW  - Oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7-billion-US back tax bill, the company's chairman said in a newspaper interview.
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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will ask shareholders to consider declaring bankruptcy to protect assets from government demands for $14 billion in back taxes, more than the company&#39;s market value.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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Moscow. (Interfax) - Yukos&#39;s key production unit Yuganskneftegaz for now will not be able to fulfill the Natural Resources Ministry&#39;s claim and repay its debt on the mineral resources extraction tax, Yukos CEO Steven Michael Theede told Interfax.
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MOSCOW -- Russian oil company Yukos suffered a fresh setback yesterday in its survival struggle against multibillion-dollar tax bills when one of its appeals was thrown out and another adjourned by a Moscow court.
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Russia pressed ahead on Friday with the last step in the destruction of oil major YUKOS, saying it will auction its main Siberian unit on Dec. 19 for $8.65 billion and hit it with a new tax claim.