Yukos bosses in exile, its survival in doubt
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Russian oil company Yukos, with shares near all-time lows and its bosses in exile, warned last night it is being driven toward bankruptcy.
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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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Embattled oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7 billion back-tax bill, the company's chairman said in a newspaper interview.
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The 15th floor of a drab postwar building in the insalubrious surroundings of London&#39;s Paddington railway station is the unlikely setting for the final throes of the struggle over Yukos, the Russian oil giant.
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MOSCOW  - When a U.S. bankruptcy judge decides whether to hear the crumbling oil giant Yukos' bankruptcy plea Wednesday, investors will be waiting with bated breath.
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MOSCOW - The top management of oil major Yukos has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a Yukos source said on Thursday.
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Russia oil company YUKOS assets may be sold partially by the Russian Justice Ministry in order to cover its outstanding tax bill. The selling-off will probably touch YUKOS main oil subsidiary Yuganskneftegaz.
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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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Oil firm YUKOS will continue to fight  against the Russian government in the courts to regain its  property whatever the outcome of a U.S. bankruptcy hearing this  week, a YUKOS executive said on Tuesday.
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Top executives at the Russian oil giant Yukos, including the company&#39;s American chief executive and chief financial officers, have left the country, saying they fear
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Russian oil giant Yukos yesterday increased the stakes in its battle with the Kremlin when it filed for bankruptcy in the United States in an unusual move possibly intended to pitch Washington against Moscow.
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Russia left YUKOS and its investors  guessing as to its next move on Monday after selling its main  oil production unit to Baikal Finance Group, a mystery firm  registered at a grocery in provincial Russia.
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Mikhail Khodorkovsky, the former Yukos Oil chief executive now at the halfway point of his eight-year prison sentence, is unlikely to be released from prison anytime soon.
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Russia's wounded giant Yukos appeared to have won a three-month stay of execution after a top Russian official said its main production unit was unlikely to have its oil license revoked.
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Oil major Yukos, Russiaâs largest oil exporter, believes prosecutors want the âtotal destructionâ of the firm, but says the management board will continue to run it for as long as possible.
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MOSCOW Yukos has moved closer to collapse after six of the Russian oil company&#39;s top executives, including the American chief executive and the chief financial officer, fled the country, citing fear of persecution from the Kremlin.
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MOSCOW  - Oil giant Yukos will not file for bankruptcy despite its dire financial situation and an increasingly desperate fight with tax authorities over a nearly &#36;7-billion-US back tax bill, the company's chairman said in a newspaper interview.