Russia Says to Hold YUKOS Sale Despite U.S. Ruling
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order which seeks to  halt Sunday's auction for at least 10 days.
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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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Russian President Vladimir Putin on Tuesday defended the sale of a key unit of the Yukos oil firm to a little known company, calling it legal, and said he could live with a Ukraine presidency of Viktor ...
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Russian officials Wednesday shrugged off the decision by embattled oil giant Yukos to file for bankruptcy protection in the US, saying the move was politically motivated.
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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  court and would seek an order from the court to halt the Dec.  19 sale by the Russian state of its main oil unit.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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Russia won an incremental victory in the legal struggle for what remains of the foreign subsidiaries of Yukos. A Dutch court approved a request by the Russian bankruptcy administrator, Eduard K. Rebgun, to represent Yukos in court in the Netherlands. While most of Yukosâs assets have been unraveled and sold at auction, a company bank account in the Netherlands holding about $1 billion from the sale of a Lithuanian refinery is still in dispute. A Dutch court has yet to rule on Mr. Rebgunâs claim to the property, according to a statement by Yukos shareholders. The money is also claimed by Yukos shareholders and creditors.
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Russian authorities will continue to sell off the remains of the shattered Yukos oil company, with at least one of its main remaining subsidiaries being sold sometime this spring, a Russian news agency said Tuesday.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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MOSCOW, Oct 14  - The Russian government will sell a controlling stake in Yuganskneftegaz, the key holding of the troubled Yukos oil giant, for just over four billion dollars, Interfax reported Thursday without disclosing its sources.
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HOUSTON -- A US bankruptcy judge has issued a temporary restraining order to halt the planned auction of Russian oil company Yukos&#39; main oil-producing subsidiary, Yuganskneftegaz, Reuters reports.
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SAN FRANCISCO (CBS.MW) -- Russian oil giant Yukos, fighting to keep Moscow from auctioning off its biggest asset, has been granted a hearing Thursday before a federal bankruptcy court judge in Houston.
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A Moscow court has barred the embattled Russian oil giant Yukos from holding an emergency shareholders meeting next week, a Russian oil company official said Thursday.
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Russia pledged on Friday to ignore a US court order intended to block the looming auction of oil giant Yukosâ key production subsidiary, but a consortium
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Embattled Russian oil group YUKOS should  hear later on Thursday whether a U.S. bankruptcy court will  attempt to hold up the sale of its main production unit this  weekend, but lawyers and analysts expect Moscow will go ahead  anyway.
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BEIJING, Dec. 23 -- Russian President Vladimir Putin has affirmed that the sale of Yukos&#39;s biggest subsidiary company Yugansk to BaikalFinansGroup complied with the law.
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Yukos will on Thursday seek an injunction from a US court in a last-gasp bid to block the forced auction of its main operating unit by the Russian government on Sunday.