Putin Says State Firms Can Buy Yukos Assets
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State-controlled companies have every right to bid for Yukos assets if they are sold to pay off the firm&#39;s whopping tax debt, although the government is not seeking to nationalize the company, President Vladimir Putin said Friday.
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President Vladimir Putin said Friday, the government has no plans to seize the embattled oil giant, but if its assets are sold, anyone, including government organizations, will be able to bid.
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Russia's Federal Property Fund said on Friday it intended to go ahead with an auction of oil major YUKOS' main unit Yuganskneftegaz despite a U.S. court decision to freeze the state-imposed sale.
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President Vladimir V. Putin said on Friday that state-run companies might bid for assets of Yukos in any sale to collect back taxes.
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The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS YUKO.MM despite a U.S. bankruptcy court decision to  block it for several days.
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Russia looks ready to sell the key production unit of beleaguered oil group YUKOS on Sunday and put it back in state hands after almost a decade under private management.
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Russian President Vladimir Putin  strongly defended the takeover by state oil firm Rosneft of  stricken oil major YUKOS's key production unit,  Yuganskneftegaz, calling it a legitimate business deal.
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President Vladimir Putin of Russia suggested that the secretive buyers of the largest subsidiary of the oil giant Yukos might transfer the assets to other owners.
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Russian President Vladimir Putin is ready to go after other oil companies the way he has hammered Yukos, a top Kremlin official has said.
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Gas monopoly Gazprom has been given the green light by Russian authorities to bid for Yuganskneftegas, the main arm of stricken oil firm Yukos.
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Russian President Vladimir Putin said the auction that saw the crown jewel of the Yukos oil empire bought by a mysterious company fully complied with Russian law, and he suggested that the new owners of the subsidiary could eventually link up with another
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Russia's President Putin says the purchase of Yukos' main asset by state-owned oil firm Rosneft was in line with free market principles.
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BEIJING, Dec. 23 -- Russian state-owned oil company Rosneft has reportedly bought the little-known company Baikal Finance Group which bought Yukos&#39; most important production unit Yuganskneftegaz.
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Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company's multi-billion-dollar tax debts, President Vladimir Putin said.
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Foreign investors may be allowed to bid for the main assets of Russian oil major Yukos, Russia&#39;s privatization agency said Monday, amid speculation about a fire sale to settle Yukos&#39; back taxes.
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NEW YORK, December 24  - Russian President Vladimir Putin made an attempt yesterday to justify the indirect transfer of Yukosâ (YUSA.