Latest back-tax bill raises Yukos debt to Â£9bn
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Yukos shares plunged 18% on the Russian exchange yesterday after reports that the oil firm has been hit with another back-tax bill, bringing its total debt to $17bn (Â£9.
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Shares in Yukos, the Russian oil group beset by difficulties, dropped sharply yesterday after reports that the authorities had launched fresh tax claims against it, totalling up to $7 billion.
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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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Troubled Russian oil giant Yukos reportedly pays off three-quarters of its $3.4bn tax bill for 2000.
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The main subsidiary of embattled Russian oil giant Yukos has been hit with a new &#36;1.2 billion tax bill for 2003, a Russian news agency reported Tuesday.
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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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The Russian government is demanding a total of $4.09 billion for 2001 from Yukos. Apart from the fines, more than $3 billion in back taxes are being docked from the oil giant&#39;s frozen accounts.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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Oil giant Yukos says the Russian tax ministry aims to take $2.7bn in back taxes from its accounts without court approval.
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Lawyers for the embattled Yukos oil giant requested a new judge Monday as Russia's Tax Ministry sought to enforce $1.4 billion in fines and penalties on a $4.1 billion back tax bill for 2001 through the courts.
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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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Russian oil company Yukos said yesterday it would be able to cover only half of its $3.4 billion back tax bill by its deadline at the end of August but it would continue making payments in September.
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Yukos could declare bankruptcy before the new year following fresh claims that could leave the embattled gas giant facing a tax bill for $17 billion.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill. Yukos has been ordered to pay $3.
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Russian oil company YUKOS said on Monday  it would be able to cover only half of its $3.4 billion back  tax bill by its deadline at the end of August but it would  continue making payments in September.
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Moscow is demanding $160 million in back taxes fines and interest from the nation&#39;s No. 2 cellular company. The claim against OAO Vimpelcom is fueling fears that the Kremlin attack on oil giant OAO Yukos could