Tax Ministry Increases Claim Against Yukos
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The Tax Ministry raised its tax bill for 2001 against the floundering Yukos oil giant by some &#36;700 million, bringing total back tax claims against Russia's biggest oil producer to &#36;7.4 billion, the company said Friday.
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The troubles of Yukos drive up the price
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Russia's YUKOS raised $357 million to  put toward a $3.4 billion tax claim on Tuesday by selling a  stake in a gas venture to partner TNK-BP, as analysts said the  company was technically ready for bankruptcy.
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Embattled Russian oil giant Yukos was ordered to pay over â¬1.1bn in fines and penalties today as part of a â¬3.31bn back-tax claim for 2001.
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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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Russia's justice ministry said that Yukos has paid three-fourths of its 2000 tax bill but still had billions more in outstanding debts that analysts said would require sales of its assets.
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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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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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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.
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Russian officials are reported to have collected most of the tax debt that the troubled oil firm Yukos owes for the year 2000. A Justice Ministry official was quoted Wednesday as saying bailiffs have collected $2.
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More than 75 percent of the beleaguered Yukos oil company's 2000 tax debt has been recovered from the company, a Justice Ministry official was quoted as saying Wednesday.
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MOSCOW : Russia&#39;s justice ministry said that Yukos had paid three-quarters of its 2000 tax bill but still had billions more in outstanding debts that analysts said would require sales of its assets.
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The Moscow Arbitration Court on Monday upheld the tax authorities&#39; demand that the embattled oil giant Yukos must pay nearly 1.34 billion US dollars in fines as part of a 4.1-billion-dollar claim for 2001.
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Russia's YUKOS raised &#36;357 million to put toward a &#36;3.4 billion tax claim on Tuesday by selling a stake in a gas venture to partner TNK-BP, as analysts said the company was technically ready for bankruptcy.
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Russia&#39;s Tax Ministry yesterday charged OAO Yuganskneftegaz, the biggest production unit of OAO Yukos Oil Co., with 27.8 billion rubles ($951 million) in unpaid taxes for 2002, a Yukos official said.
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The firm which controls embattled Russian oil giant Yukos says it will sue the government for $28.3bn.
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The Kremlin is hitting the Yukos Oil Corp. with huge new tax claims that will total $17 billion, the Moscow Times reported late Monday.