Acquisition called &#39;a blow for rule of law&#39; in Russia
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Speculation that the Russian government is using intermediaries to take over energy giant Yukos Corp. grew Wednesday when its largest subsidiary wound up in the hands of a state-owned natural gas company.
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Russia faces major challenges to structure the $9.4 billion purchase by state firm Rosneft of stricken oil major YUKOS&#39;s key unit after Western lenders got cold feet, analysts said on Wednesday.
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Mikhail S. Gutseriev, a former owner of Russneft, published a letter last month critical of the government on a company Web site and in a Russian business newspaper.
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The absorption of Russian state-owned oil company Rosneft by the gas giant Gazprom appeared to run into trouble amid press reports of furious infighting among top Kremlin officials over the deal.
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ELEANOR HALL: To Russia now, where President Vladimir Putin&#39;s announcement this week of a radical overhaul of Russia&#39;s political system has sparked concern about the future of democracy in the country.
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MOSCOW, Mar 7 (IPS) - Russia is losing one in ten people in its active   population to drugs, a leading medical researcher told IPS.
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Russian shares on Thursday fell below their level at the beginning of the year as investors took flight at signs of government interference in private business.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country's notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season's greetings to the Kremlin from his courtroom cage.
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A planned sale of Russian energy giant Yukos&#39; main asset has become clouded by confusion over the price, the participants and the legality of the sale.
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A Russian court on Tuesday was to consider the beleaguered Yukos oil company&#39;s appeal to suspend government efforts to collect $3.4 billion in back taxes - a massive bill that has put Russia&#39;s largest oil producer on the verge of ruin.
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A Russian court has frozen the Yukos oil company's stake in one-time merger partner Sibneft, setting the stage for the possible confiscation of those shares by prosecutors and dealing yet another blow to Russia's largest oil producer.
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VLADIMIR PUTIN, the Russian President, yesterday poured scorn on the US legal system when he defended the takeover of Yuganskneftegaz, the Yukos oil production
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MOSCOW A top economic adviser to Russian President Vladimir Putin yesterday slammed the state&#39;s takeover of oil giant Yukos&#39; main asset as the &quot;swindle of the year&quot;.
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Russia is freezing its participation in a key arms control treaty that limits the deployment of military forces in Europe, the Kremlin announced Saturday.
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Russian state oil firm Rosneft has bought YUKOS&#39;s core unit, effectively nationalizing 11 percent of the country&#39;s crude output and dealing a heavy blow
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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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An oil company controlled by the Russian government said that it had bought the company that had won Sunday's auction for the largest subsidiary of Yukos.