Russia raises Yukos bill by $700 million
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MOSCOW Russia&#39;s Tax Ministry raised its tax bill for 2001 against the foundering Yukos oil giant by $700 million, bringing total back-tax claims against the nation&#39;s biggest oil producer to $7.
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Russia pressed ahead yesterday with controversial plans to break up the country&#39;s biggest oil company Yukos, setting a date of December 19 for an auction of its main production unit at a bargain basement starting price of $8.65bn (Â£4.88bn).
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MOSCOW Yukos said Wednesday that the Russian tax authorities had sent a bill for back taxes and penalties totaling nearly $1 billion to its largest subsidiary, Yuganskneftegas.
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MOSCOW : Russia&#39;s justice ministry said that Yukos had paid three-quarters of its 2000 tax bill but still had billions more in outstanding debts that analysts said would require sales of its assets.
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Russian regulators voiced their support  for oil major YUKOS's YUKO.MM integrity on Wednesday as it  faced losing its main production unit to pay a huge tax bill  but secured access to vital export slots for its crude oil.
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3 September 2004 -- Russia&#39;s tax authorities have given Yukos another bill for back taxes that is higher than the oil company expected.
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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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MOSCOW - Russian tax authorities slapped oil giant Yukos and its main production unit with two new tax claims for nearly $10 billion, raising the company&#39;s total bill to more than $17.
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Beleaguered Russian oil giant Yukos on Monday faces a court-imposed deadline to pay a multi-billion dollar tax bill.
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The Russian oil giant Yukos substantially increased the reserve estimates Friday for its biggest subsidiary, one currently being appraised for sale by the government.
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Assets of Russia&#39;s beleaguered Yukos oil company should fetch at least $15 billion, a senior official said Monday, as the company&#39;s main production unit is evaluated for sale to offset a crushing back-tax bill.
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The Russian government will auction off Yuganskneftegas, the main production unit of embattled oil giant Yukos, on December 19 with a starting price of 246.75 billion rubles (8.65 billion dollars), the federal property fund announced.
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Russian oil giant Yukos suffers another blow in its tax battle after a Moscow court rules it must pay $1.4bn (Â£778m) in fines.
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Russia's YUKOS raised $357 million to  put toward a $3.4 billion tax claim on Tuesday by selling a  stake in a gas venture to partner TNK-BP, as analysts said the  company was technically ready for bankruptcy.
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Russia may auction 76.8 percent of the capital of Yukos&#39; major subsidiary of Yuganskneftegaz by the end of this month to cover the oil giant&#39;s multi-billion-dollar back taxes bill, Interfax news agency reported Thursday.
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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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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.