Russia ditches capital gain forecast, rejects "Yukos effect"
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Russia reversed its vow that 2004 would see its first private capital inflow in over a decade, but said the movement of money out of the country had nothing to do with the Yukos affair.
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but remain as a separate state-controlled group, the Russian government said yesterday.
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A Russian court yesterday rejected the Yukos oil company's appeal to suspend government efforts to collect $3.4 billion in back taxes -- a massive bill that has put Russia's largest oil producer on the verge of ruin.
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Russia's embattled Yukos oil giant said it was slashing its oil shipments to China, suspending deliveries to the China National Petroleum Company, because of difficulty in paying for transport costs.
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MOSCOW: Shares of Russian oil major Yukos fell on Friday after the firm said it would trim output at its main Yugansk unit and a paper reported the unit could be sold for a fraction of what analysts say it is worth.
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Russia said on Saturday it had no plans  to stage a major build-up of forces following its decision to  freeze its compliance with the Conventional Forces in Europe  (CFE) treaty.
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MOSCOW A court here on Tuesday turned down two important appeals by Yukos, the largest Russian oil producer.
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Russia has split its oil proceeds into two funds and has cleared the way for one to invest in foreign stocks and bonds, officials said. Actual investments are not expected to begin until next fall.
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Russian oil giant Yukos has reportedly lost a court case against the sale of its main production unit.
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Changes in Russia&#39;s political structure and government warnings to some corporations have come as rude awakenings to investors who have been dazzled by economic gains posted by Russia in the past few years.
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The Russian oil giant Yukos said on Sunday that it would immediately reduce some of its rail exports of crude oil to China. It appears to be the first time that Yukos&#39;s
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MOSCOW Russia&#39;s Justice Ministry will sell off some of the assets of a subsidiary of the oil giant Yukos. That&#39;s according to a statement carried by the Interfax news agency.
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MOSCOW : Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company&#39;s multi-billion-dollar tax debts, President Vladimir Putin said.
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MOSCOW  - The planned sale of Russian oil giant Yukos' main pumping unit to pay off the parent company's back taxes won't affect production, Russia's energy minister was quoted Tuesday in news reports.
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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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One of Moscow's two major stock exchanges delisted Yukos on Friday, the Interfax news agency reported, and the Prosecutor-General's office said a new criminal investigation had been opened against the oil company's jailed former CEO Mikhail Khodorkovsky.
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International credit rating agency Standard and Poor&#39;s says it has cut its rating on Yukos to default after the struggling Russian oil group missed an interest payment.