Yukos Woes Increase With Collection Order
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Russia&#39;s Tax Ministry has slapped Yukos with a collection order on part of a back tax claim, raising the total due to $6.1 billion, the embattled company said Tuesday.
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On Monday, November 1, the Russian Tax Ministry presented embattled Yukos Oil Company with additional tax claims worth $10 billion, bringing the oil companyâs total tax bill to $17.
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MOSCOW  - A Russian court was to consider the beleaguered Yukos oil company's appeal on Tuesday to suspend government efforts to collect &#36;3.4 billion US (&#36;4.5 billion Cdn) in back taxes -a massive bill that has put Russia's largest oil producer on the verge of ruin.
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The Russian oil giant Yukos on Friday issued sharply higher revised estimates of reserves for its biggest subsidiary, one currently being appraised for sale by the government, and reiterated that Yukos was operating financially on a &quot;day-to-day&quot; basis and
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Russia's Yukos has paid $2.2 billion of its $3.4 billion tax bill for 2000, a top Yukos official said today, as he renewed warnings about the company's possible bankruptcy.
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World oil prices rose sharply again on  Thursday after Russian oil giant YUKOS said a Moscow court's  decision to effectively freeze its bank accounts threatened its  ability to continue production.
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MOSCOW: Russiaâs tax ministry said on Friday that it had raised its back tax claims against oil major Yukos by a fifth for â01, to 119.
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Beleaguered Russian energy giant Yukos has warned that it will not produce as much oil as expected this year. It blames bailiffs who are draining its bank accounts to pay its potentially ruinous tax bill.
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Russia&#39;s Yukos oil company has paid $2.2-$2.4 billion (euro1.8-1.97 billion) of its $3.4 billion (euro2.79 billion) tax bill for 2000, Yukos&#39; top finance official said Friday, and he renewed warnings that the embattled company was close to
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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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Top Russian oil exporter YUKOS  threatened to escalate its legal battle abroad on Tuesday as  the mystery surrounding the buyer of its core asset began to  lift with newspapers linking it to Russia's No. 4 oil firm,  Surgutneftegaz.
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Yukos suffered a double blow Tuesday when the Moscow Arbitration Court rejected attempts by the oil major to cover part of a $3.4 billion bill in back taxes and postpone collection of the claim.
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Russian natural gas monopoly Gazprom on Saturday filed an appeal in US district court seeking to overturn a bankruptcy judge&#39;s temporary restraining order blocking the auction of Yukos&#39; (YUKO.
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MOSCOW  - Russia pushed ahead with the weekend auction of the core asset of oil giant Yukos despite a US court order barring the sale, a rare legal victory that is unlikely to prevent the state from gaining control.
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Prices were pushed higher by news on Sunday that Yukos had suspended delivery of 400,000 metric tons a month, or nearly 98,000 barrels a day, of rail-borne crude oil exports to China National Petroleum Co.
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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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Yukos has paid three-quarters of its total tax debt of $3.4bn (Â£1.91bn; 99bn roubles) for 2000, the Interfax news agency has reported.