$1 billion bill for unit adds to Yukos tax woes
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MOSCOW Yukos, Russia&#39;s largest oil producer, has said that the tax authorities have sent a bill for 2002 back taxes and penalties totaling nearly $1 billion to its largest unit, Yuganskneftegaz.
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Russia sets a date and price for the auction of embattled Russian oil giant Yukos' main unit, as it seeks payment of a massive tax bill.
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The Moscow Arbitration Court ruled Monday that the embattled oil giant Yukos must pay some $1.4 billion in fines and penalties as part of a $4.1 billion back-tax claim for 2001, the Interfax news agency reported.
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Shares in Russia&#39;s No. 1 oil producer, Yukos, plummeted Tuesday on news that tax authorities had served the company with fresh back tax bills for nearly $10 billion US, bringing the company&#39;s total tax debt to some $17.
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Russia will auction control of OAO Yukos Oil Co.&#39;s main unit for as little as $8.6 billion in a government-run fire sale to collect back taxes that threatens to bankrupt the country&#39;s biggest oil exporter.
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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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OAO Yukos Oil Co., battling to avert bankruptcy, said the Russian government may be considering ways to settle a $7.5 billion tax bill without taking over the company&#39;s biggest oil-producing unit.
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Moscow is demanding $160 million in back taxes fines and interest from the nation&#39;s No. 2 cellular company. The claim against OAO Vimpelcom is fueling fears that the Kremlin attack on oil giant OAO Yukos could
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The main subsidiary of embattled Russian oil giant Yukos has been hit with a new &#36;1.2 billion tax bill for 2003, a Russian news agency reported Tuesday.
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The protracted legal battle over Russian oil giant Yukos appeared to enter its final phase Friday when the government set a date to auction off a majority stake in the company's richest energy fields and demanded another $6 billion in back taxes from a business already facing a crippling $14 billion bill for outstanding taxes and fines.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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The Russian Tax Ministry has sent Yukos a new $6.7 billion for 2002, while the oil giant&#39;s biggest subsidiary -- Yuganskneftegaz -- has been hit with new claims amounting to more than $3 billion for 2001 and 2002.
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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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As YUKOS contemplates a staggering $17.5 billion tax bill, the spectre of bankruptcy has never seemed closer for Russia&#39;s biggest oil company.
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ALARM has spread through the Russian investment community as authorities slapped a tax bill of almost $US160 million ($210 million) on the number two mobile operator, in what is widely seen as a government-linked campaign against the firm.
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Jailed Russian oil magnate Mikhail Khodorovsky says he expects he will lose control of the giant oil firm Yukos because of the company&#39;s current tax bill totaling more than $7 billion.
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Russia's Yukos oil company has paid &#36;2.2 billion of its &#36;3.4 billion tax bill for 2000, Yukos' top finance official said Friday, as he renewed warnings that the embattled company was close to bankruptcy.