Yukos executives leave Russia, speculation deepens
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MOSCOW -- A half-dozen executives of Yukos, the embattled oil giant, have left Russia and the company's chief financial officer said he won't return until he learns whether the government plans to charge him.
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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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All top managers of embattled oil major YUKOS have fled Russia fearing that state prosecutors may order their arrest, a YUKOS source says.
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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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's No. 4 oil firm,  Surgutneftegaz.
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As the battle over oil-giant Yukos ends, Russia tightens its grip on an industry once dominated by private firms.
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MOSCOW, Dec. 19 - Russia dismantled its largest oil producer, Yukos, on Sunday by auctioning off the company&#39;s largest subsidiary to a little-known concern that registered as a last-minute bidder on Friday.
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Rosneft, the state-owned Russian oil company, has reportedly moved to take control of Yuganskneftegaz, formerly Yukos&#39;s most important oil production plant.
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Top Russian oil exporter YUKOS  threatened to escalate its legal battle abroad on Tuesday as  the mystery surrounding the buyer of its core asset began to  lift with newspapers linking it to Russia's No. 4 oil firm,  Surgutneftegaz.
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YUKOS and its investors were left guessing as to Russia's next move Monday after its main oil production unit was sold off to Baikal Finance Group, a mystery firm registered in a provincial city.
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a YUKOS source said on Thursday.
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Russia&#39;s embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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Russia said it would welcome Indian and other companies bidding for the assets of Russian oil giant Yukos, the country's biggest oil exporter, due to be sold off later this month.
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The attack on the major Russian oil company, YUKOS, which led to the arrest of its chairman and CEO, Mikhail Khodorkovsky, and his shares, and subsequently to his resignation, is a watershed event in post-communist Russian history.
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Russia left YUKOS and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery
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MOSCOW Russia completed the dismantling of Yukos, its largest oil producer, on Sunday, selling its main subsidiary to a company that was essentially unheard of until three days ago.
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Chinese Premier Wen Jiabao left here for Kyrgyzstan and Russia a day after embattled Russian oil giant Yukos said it was slashing supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.