Update 1: Bank Values Yukos Unit Above Assessment
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An independent assessor valued Yukos&#39; main production unit at $14.7 billion to $17.3 billion on Thursday, the same day a news agency reported that a controlling stake in the business could be sold for just over $4 billion.
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MOSCOW : A top Western bank asked to value Yukos&#39;s core asset said the Russian government chose the lowest price possible for a planned sale of the oil giant&#39;s crown jewel in a move that has shaken investors.
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Dresdner Kleinwort Wasserstein (DrKW) said it had recommended that a core asset of the oil giant Yukos be sold at between 14.7 and 17.3 billion dollars, higher than a state valuation released this week.
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MOSCOW - Russian tax authorities slapped oil giant Yukos and its main production unit with two new tax claims for nearly $10 billion, raising the company&#39;s total bill to more than $17.
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Top Russian oil exporter YUKOS threatened to escalate its legal battle abroad Tuesday as the mystery surrounding the buyer of its core asset began to lift with newspapers linking it to Russia&#39;s No.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.
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In raising its reserve estimates, Yukos reiterated that it was operating on a "day to day basis and was still close to filing for bankruptcy."
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MOSCOW: Russiaâs tax ministry said on Friday that it had raised its back tax claims against oil major Yukos by a fifth for â01, to 119.
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By Christopher Hope, Business Correspondent (Filed: 30/12/2004). Deutsche Bank, the German banking giant, yesterday said it has filed a motion with a US court to dismiss a claim for bankruptcy protection by Russian oil giant Yukos.
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MOSCOW  - Russia&#39;s embattled Yukos oil giant faced additional tax claims after authorities said the firm was suspected of underpaying 6.7 billion dollars for 2002, Interfax reported.
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Russia&#39;s Tax Ministry has raised its back-tax claims against oil major YUKOS by a fifth for the 2001 financial year to 119.9 billion roubles ($4.
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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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MOSCOW Yukos, Russiaâs largest oil producer, had another bad news day Friday as its huge tax bill ballooned again. The Tax Ministry raised its claim against Yukos by $700 million for 2001, bringing the total
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MOSCOW  - Trading in Yukos shares leaped more than 10 per cent on local exchanges Monday as Russia's top energy conglomerates said they would not bid for its main production subsidiary, which is due to be auctioned as collateral for the company's crushing back-taxes bill.
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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  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.
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MOSCOW  - Russia's Federal Property Fund plans to go ahead with the auction of the largest production unit of the embattled oil giant Yukos regardless of a U.S. court injunction against a sell-off that is likely to put the heart of the company's operations under state control, an official said Saturday.