Auditor withdraws Yukos reports
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The auditor of Russian oil firm Yukos withdraws its reports up to 2004, casting doubt on information it was given.
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Yukos drops the threat of legal action against five banks it had accused of involvement in the sale of its key unit.
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OAO Yukos, once Russia' biggest oil company, was declared bankrupt Tuesday after a three-year campaign by government tax authorities that critics called a politically motivated campaign against Yukos' founder.
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More than 75 per cent of the beleaguered Yukos oil companyâs 2000 tax debt has been recovered from the company, a Russian Justice Ministry official was quoted as saying today.
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The giant Russian oil firm Yukos has failed to convince a Moscow arbitration court to suspend the sale by bailiffs of its Siberian subsidiary to satisfy a $3.4 billion tax debt.
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Beleaguered Russian oil company Yukos announced Monday that it had reduced its crude output forecast for the year as bailiffs continued to collect cash against the company&#39;s crushing back taxes bill from its frozen bank accounts.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to consider whether to file for bankruptcy or liquidate the firm after it was hit with huge
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Credit ratings agency S&amp;P cut Russia&#39;s YUKOS (YUKO.RTS: Quote, Profile, Research) to default grade on Tuesday for missing a payment on a Western bank loan after
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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Reports of a new tax claim dealt a blow to Yukos on Monday, as the embattled oil major announced it would cut this year&#39;s oil output forecast and defer certain tax payments because of a lack of cash.
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Russia's embattled Yukos oil giant said it was slashing its oil shipments to China, suspending deliveries to the China National Petroleum Company, because of difficulty in paying for transport costs.
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MOSCOW  - A half-dozen executives of embattled oil giant Yukos have left Russia and the company's chief financial officer said Thursday he won't return until he learns whether the government is planning charges against him.
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Oil giant Yukos is halting two-thirds of its exports to China because of its financial troubles, a move which could raise oil prices.
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Russia's top oil exporter YUKOS cut its  crude output forecast for 2004 on Monday due to a tax dispute  with the state, in a move analysts said was a sign that  Russia's prolific oil growth was set to slow down.
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LONDON, September 20  - Russian oil giant, OAO Yukos Oil Company (YUSA.FSE), has partly suspended its rail shipments to China, leading to increased supply disruption risks in the global oil market.
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Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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International credit rating agency Standard and Poor&#39;s says it has cut its rating on Yukos to default after the struggling Russian oil group missed an interest payment.