Russia raises Yukos bill by $700 million
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MOSCOW Russia&#39;s Tax Ministry raised its tax bill for 2001 against the foundering Yukos oil giant by $700 million, bringing total back-tax claims against the nation&#39;s biggest oil producer to $7.
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Yukos shares rose more than 10% on Monday as Russia&#39;s leading energy firms said they would not bid for its main west Siberian production subsidiary.
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MOSCOWâThe Moscow Arbitration Court ruled yesterday that embattled oil giant Yukos must pay the equivalent of about $1.7 billion (Canadian) in fines and penalties as part of a $5.
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A Russian court on Tuesday was to consider the beleaguered Yukos oil company&#39;s appeal to suspend government efforts to collect $3.4 billion in back taxes - a massive bill that has put Russia&#39;s largest oil producer on the verge of ruin.
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World oil prices rose after Russia's largest oil producer, Yukos, said a court ruling "paralyzes'' the company's operations.
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Russia&#39;s gas monopoly Gazprom is talking to Western banks to raise up to $10 billion to fund the purchase of the key oil unit of embattled oil major Yukos, industry sources said on Wednesday.
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Russian tax authorities have slapped oil giant Yukos and its main production unit with two new tax claims, raising the company&#39;s total bill to more than $17.
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Russia is pressing ahead with the last step in the destruction of YUKOS, saying it will auction the oil major&#39;s main Siberian unit on December 19 for $8.65 billion (4.66
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Russia'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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Russia may auction 76.8 percent of the capital of Yukos&#39; major subsidiary of Yuganskneftegaz by the end of this month to cover the oil giant&#39;s multi-billion-dollar back taxes bill, Interfax news agency reported Thursday.
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Russian officials demanded up to $10 billion in additional taxes from Yukos and its soon-to-be-sold main unit on Monday, pushing the debts of Russia&#39;s embattled No.
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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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The Federal Tax Service slapped Yukos with a $4.1 billion back-tax bill for 2001 on Friday, $700 million more than its original claim, which was announced July 1. The amended bill, the
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Yukos shares rise after Russia's leading energy groups said they would not bid for its main production subsidiary.
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Russia's Yukos has sent the Lithuanian Economy Ministry a written request to use its first option to increase its stake in Mazeikiu Nafta.
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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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President Vladimir Putin gave his blessing on Friday for Russian state energy firms to bid for oil major Yukos&#39;s assets if bailiffs put them up for sale to recover a huge back-tax bill.