YUKOS unit assets may be sold for back tax
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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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President Vladimir Putin gave his  blessing on Friday for Russian state energy firms to bid for  oil major YUKOS's assets if bailiffs put them up for sale to  recover a huge back-tax bill.
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MOSCOW  - Embattled Russian oil giant OAO Yukos has paid just under a quarter of its total &#36;18.4 billion US back tax bill for the 2000-2002 period, company managers said Tuesday.
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MOSCOW  - The planned sale of Russian oil giant Yukos' main pumping unit to pay off the parent company's back taxes won't affect production, Russia's energy minister was quoted Tuesday in news reports.
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The Justice Ministry said Tuesday that it planned to sell the core petroleum subsidiary of Yukos, the embattled Russian oil giant, at what appears to be a steep discount to settle billions of dollars in tax debts.
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Shares in Russian oil giant Yukos have fallen by 17.5% after the government hit the company with a fresh back-tax bill of $10bn (Â£5.
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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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MOSCOW The Russian Justice Ministry said on Tuesday that it had decided to go ahead with the sale of parts of the oil company Yukos to cover billions in taxes owed by the company.
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Russia does not aim to nationalise embattled oil giant Yukos but state firms could bid for assets of the company if they are sold to pay off the company's multi-billion-dollar tax debts, President Vladimir Putin said.
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MOSCOW The Russian government said Tuesday that it would sell part of Yukos&#39;s most valuable subsidiary by the end of November as the company tries to pay off the billions of dollars it owes in taxes.
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The sale of the embattled Yukos oil giant's main production unit, Yuganskneftegaz, could settle the company's outstanding back-tax bill, Russian newspapers quoted a top economic adviser to Russian President Vladimir Putin as saying in their Thursday editions.
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MOSCOW : Russia&#39;s justice ministry announced plans to sell a part of the Yukos oil giant to cover the company&#39;s outstanding back taxes, officials said.
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Russia's justice ministry announced plans to sell a part of the Yukos oil giant to cover the company's outstanding back taxes.
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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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Assets of Russia's beleaguered Yukos oil company should be sold for at least &#36;15 billion, a senior official said Monday, as the company's main production unit is evaluated for sale against a crushing back-tax bill.
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US officials have expressed concern about the fate of Yukos, the Russian oil company. Yukos shares have dropped sharply in value since the Russian government demanded it pay nearly three and a half billion dollars in back taxes. Russian authorities accuse ...
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A top Yukos executive told a US audience that Moscow was undervaluing his company's assets to keep Western firms out of the Russian market as the struggling giant sold off its facilities to pay off back taxes, ITAR-TASS reported.