Yukos Asks Banks to Stay Out of Yugansk Sale After US Ruling
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, called on banks to reconsider participation in the sale of its biggest unit, after a US judge temporarily barred them from the process.
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The Yukos oil company has filed for bankruptcy in the US and appealed for a temporary restraining order against the auction of its main production unit, scheduled for Sunday.
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Gazpromâs oil arm Gazpromneft is set to take part in the auction for Yuganskneftegaz, Yukosâ main production unit, despite a ruling by a US bankruptcy court to halt the sale for 10 days.
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DEUTSCHE Bank has dismissed as a &#39;stunt&#39; the attempt by Russian oil giant Yukos to claim US bankruptcy protection and says it should be thrown out of court in Houston.
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Russia said on Friday it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order seeking to block Sunday&#39;s auction for 10 days.
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A U.S. bankruptcy court on Thursday  stepped into the battle between YUKOS and the Russian  government, issuing an order to block Sunday's auction of the  company's main oil-producing arm for 10 days.
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MOSCOW, Dec. 17 -- Russia pledged Friday to  ignore a U.S. court ban on the looming auction of oil giant Yukos' key production unit, while a consortium of Western banks reportedly put on hold billions of dollars in credit for the state-run Russian gas company that was expected to buy the unit.
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Russian oil company Yukos drops the threat of legal action against five banks it had accused of involvement in the sale of its key Yugansk unit.
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A US court  will rule on whether to block the forced auction of Yukos assets on Thursday,  the company says.
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Russian oil major YUKOS said on  Wednesday it had filed for bankruptcy protection in a U.S.  court and would seek an order from the court to halt the Dec.  19 sale by the Russian state of its main oil unit.
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A US judge ordered lenders to stop an auction of OAO Yukos Oil Co.&#39;s biggest unit to help cover a $22 billion tax bill. US Bankruptcy Judge Letitia Clark issued a temporary restraining
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MOSCOW  - A Russian court on Thursday rejected an appeal by the Yukos oil company seeking to overturn a freeze on the accounts of the struggling oil giant's core subsidiaries.
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Yukos&#39; main shareholder has filed a legal complaint to prevent the Russian government selling off the oil giant&#39;s main production unit, reports say.
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Yukos' main shareholder files a legal complaint to prevent Russia selling off the embattled oil giant's key unit,  reports say.
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OAO Yukos Oil Co., Russia&#39;s second- largest oil producer, said it sought Chapter 11 bankruptcy protection in the US and requested an emergency court hearing to stop the Russian government&#39;s auction of its biggest unit.
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MOSCOW, Russia -- Embattled Russian oil giant Yukos is set to learn if a US bankruptcy court will try to block the sale of its main production unit this weekend.
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Russian natural gas monopoly Gazprom  GAZPq.L on Saturday filed an appeal in U.S. district court  seeking to overturn a bankruptcy judge's order temporarily  blocking the auction of oil giant YUKOS' YUKO.RTS main  production subsidiary.