YUKOS Awaits US Ruling on Break-Up Order
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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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Russian oil major YUKOS has filed for bankruptcy protection in a US court and will seek an injunction to stop Russia from auctioning off its main production unit on Dec. 19, it said on Wednesday.
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The embattled Yukos oil company has filed for bankruptcy in the United States and appealed for a temporary restraining order and injunction against the auction of its main production unit that is scheduled for Sunday.
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HOUSTON - Gazprom, the Russian state-controlled natural-gas giant, yesterday appealed a US bankruptcy judge&#39;s order that granted oil giant Yukos a temporary injunction halting the auction of its key production subsidiary.
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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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A U.S. bankruptcy court on Thursday  stepped into the ongoing battle between YUKOS YUKO.RTS and the  Russian government, issuing an order to block the impending  auction of the company's main oil-producing arm.
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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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Stricken Russian oil firm YUKOS may ask  a U.S. judge on Wednesday to find Gazprom in breach of a court  order for participating in the weekend sale of YUKOS's core  asset, which could expose the state gas giant to asset  seizures.
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A US judge ordered lenders to stop an auction of OAO Yukos Oil Co.&#39;s biggest unit to help cover a $22 billion tax bill. US Bankruptcy Judge Letitia Clark issued a temporary restraining
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The Russian oil giant Yukos sought Chapter 11 bankruptcy protection in the United States on Wednesday, requesting an emergency court hearing in Texas to stop the Russian
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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.
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Russian oil company Yukos, possibly making its last stand to prevent Russia from selling its main production unit in a tax dispute, asked a US bankruptcy judge Thursday to block a scheduled auction of the unit.
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YUKOS shareholders gave warning yesterday that the oil giantâs attempt to seek bankruptcy protection in the US was unlikely to prevent the Russian Government-ordered
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Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.
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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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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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Description: Russian officials make it clear they plan to proceed with an auction of oil company Yukos&#39; main production unit, despite a restraining order from a US court.