Yukos considers self-destruction
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Shareholders in Yukos are considering liquidation or filing for bankruptcy, after deciding against a rescue plan for the embattled Russian oil firm.
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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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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 auction by the Russian state of its main production unit.
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Yukos, Russia&#39;s largest privately owned oil company, will be broken up on Sunday. After stumbling under debilitating back-tax claims of over $28 billion, the company&#39;s most important
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A core shareholder in the company that owns about 60 percent of the shattered oil giant Yukos promised in an interview published Wednesday to sue Russian authorities for the destruction of what was once the nation's biggest oil producer.
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YUKOS YUKO.RTS, the Russian oil  company under siege by the Kremlin, faces a key test in its bid  to stave off destruction when a U.S. court begins hearings on  Wednesday on whether to proceed with its legal case.
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Many business people say an upcoming official report on privatization could lead to more takeovers like that of oil giant Yukos.
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Oil major YUKOS YUKO.RTS 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 auction by the Russian state of its main production unit.
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HOUSTON, United States  - Troubled Russian oil titan Yukos warned that it will sue and seek damages against any parties to the forced weekend auction of its Yuganskneftegaz unit to the little-known Baikalfinansgroup.
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Description: Russian oil company Yukos files for bankruptcy protection in a US court in an attempt to prevent the Russian government from auctioning off the company&#39;s main asset.
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YUKOS has reported a net loss of US$2.65 billion (£1.45bn) for the first half of 2004, a period of record oil prices, prompting speculation that the Russian oil firm is on the verge of declaring bankruptcy.
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Russia's Yukos does not begin the week teetering on the edge of ruin where it has been for months now. The oil giant is flat on its back, gasping for its last breaths of air.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company's richest energy fields and demanded another $6 billion in back taxes from a business already facing a crippling $14 billion bill for outstanding taxes and fines.
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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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Competition heated up for the foreign assets of shattered oil company OAO Yukos on Thursday, while its board chairman hinted that a mystery investor could make a last minute offer to buy the company's billion-dollar debts as bankruptcy loomed.
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Russian oil major YUKOS said on Wednesday it had filed for bankruptcy protection in a US 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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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it sought Chapter 11 bankruptcy protection in the US and requested an emergency court hearing to stop the Russian government&#39;s auction of its biggest unit.