YUKOS Seeks US Bankruptcy to Stop Moscow
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Russian oil group YUKOS has filed for bankruptcy protection in a US court in an attempt to stop the Russian government from auctioning off its main production unit on Dec.
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MOSCOW : The Russian government aims to bankrupt oil giant Yukos and seize its main assets for the state, its chairman Viktor Gerashchenko said in a newspaper interview published.
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The embattled Russian oil group Yukos has filed for bankruptcy in the US and appealed for a temporary injunction preventing the forced sale of its main production unit, it was announced today.
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MOSCOW  - A Russian court was to consider the beleaguered Yukos oil company's appeal on Tuesday to suspend government efforts to collect &#36;3.4 billion US (&#36;4.5 billion Cdn) in back taxes -a massive bill that has put Russia's largest oil producer on the verge of ruin.
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OAO Gazprom, Russia&#39;s state-run gas producer, today appealed a US bankruptcy judge&#39;s ruling that bars it from bidding for the main unit of OAO Yukos Oil Co.
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The floundering Russian oil giant Yukos filed for Chapter 11 bankruptcy protection in Houston Wednesday in an effort to stop the Russian government from selling its core production unit at an auction this weekend. Analysts predicted the move would have no real impact on the planned sale.
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Russian oil and gas company Yukos is due in a US court on Thursday as it continues to fight for its survival.
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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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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 Yukos' YUKO.RTS main oil producing  subsidiary, planned for Sunday.
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Deutsche Bank sought on Tuesday to have a federal judge dismiss the bankruptcy protection filing in Houston by the Russian oil giant Yukos.
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Yukos can succeed in postponing the auction of Yuganskneftegaz on December 19 if the court rules in its favor in the case where the Russian oil giant seeks US Chapter 11 bankruptcy protection.
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The crisis-hit Russian oil company Yukos sought refuge in a United States bankruptcy court yesterday, telling the presiding judge it had no recourse within Russia&#39;s judicial system.
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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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NEW YORK/HOUSTON  - Russian oil company YUKOS will  go before a U.S. bankruptcy judge on Thursday, seeking to keep  alive its claims to the empire now dismantled by Moscow in the  ongoing tax dispute there.
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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 temporary restraining  order blocking the auction of Yukos' YUKO.RTS main oil  producing subsidiary, planned for Sunday.
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A representative of embattled Russian oil company Yukos said Wednesday the company has launched bankruptcy proceedings under US law in a Houston court.
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Oil firm YUKOS will continue to fight  against the Russian government in the courts to regain its  property whatever the outcome of a U.S. bankruptcy hearing this  week, a YUKOS executive said on Tuesday.