Russia to Hold YUKOS Auction
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Russia said on Friday it would go ahead  with an auction to sell the key asset of embattled oil company  YUKOS despite a U.S. bankruptcy court decision to block it for  several days.
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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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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to consider whether to file for bankruptcy or liquidate the firm after it was hit with huge
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Gazprom, Russia&#39;s state-controlled gas monopoly, on Tuesday said it would bid for the main production unit of Yukos, the country&#39;s embattled oil
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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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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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The Russian Government is going ahead with the sale of a large part of oil giant Yukos in order to recover an $18 billion tax debt.
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Russia pledged on Friday to ignore a US court ban on the looming auction of oil giant Yukos&#39; 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
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Assets of Yukos, once Russia's biggest oil producer, will be sold at an auction March 27 as the company's liquidation begins, the government announced Thursday.
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Yukos will on Thursday seek an injunction from a US court in a last-gasp bid to block the forced auction of its main operating unit by the Russian government on Sunday.
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MOSCOW, NOVEMBER 19: Russia pressed ahead on Friday with the last step in the destruction of embattled oil major Yukos, saying it will auction its main Siberian unit on December 19 at a starting price of $8.65 billion.
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Russian oil major Yukos is expected to face the auction of its main subsidiary by the end of the month at a price far lower than its estimated worth, a move analysts say could ruin the company and destroy the equity of minority shareholders.
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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&#39;s
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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Russia looks ready to sell the key  production unit of beleaguered oil group YUKOS on Sunday and  put it back in state hands after almost a decade under private  management.
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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Russia pressed ahead on Friday with the last step in the destruction of oil major YUKOS, saying it will auction its main Siberian unit on Dec. 19 for $8.65 billion and hit it with a new tax claim.