US court decision will not stop Gazprom from buying Yukos asset
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The Russian authorities have voiced their determination to proceed with the auction of Yuganskneftegaz even after the US judge ruling barring bankers and bidders including OAO Gazprom from participating in the auction, insisting that the sale is to be
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MOSCOW  - Russia's Federal Property Fund plans to go ahead with the auction of the largest production unit of the embattled oil giant Yukos regardless of a U.S. court injunction against a sell-off that is likely to put the heart of the company's operations under state control, an official said Saturday.
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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.
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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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MOSCOW  - A Western bank consortium led by Deutsche Bank has frozen a planned credit line to Gazprom, Russia's state-controlled natural gas giant, following a U.S. bankruptcy court injunction against the sale of the Yukos oil company's main production subsidiary, the ITAR-Tass news agency reported Friday.
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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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HOUSTON A district judge tonight upheld a temporary injunction halting the Moscow auction of a key production subsidiary of Russian oil giant Yukos.
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MOSCOW - Russia said on Friday it would go ahead with an auction to sell the key asset of embattled oil company Yukos despite a US bankruptcy court decision to block it for several days.
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Russia's Federal Property Fund said on  Friday it intended to go ahead with an auction of oil major  YUKOS' main unit Yuganskneftegaz despite a U.S. court decision  to freeze the state-imposed sale.
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The main asset of Yukos, the crippled Russian oil company, will not be integrated into Gazprom, the state gas monopoly, but will remain as a separate state-controlled group, the Russian government said on Wednesday.
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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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MOSCOW: Russia has said it would go ahead and sell Yuganskneftegaz, the main oil production unit of YUKOS, despite a US bankruptcy court order that seeks to halt Sundayâs auction for at least 10 days.
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MOSCOW  - Russia forged ahead with the weekend auction of the core asset of crippled oil giant Yukos despite a disputed US court order barring the sale, with state-controlled gas giant Gazprom entering the bidding.
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Russian officials Wednesday shrugged off the decision by embattled oil giant Yukos to file for bankruptcy protection in the US, saying the move was politically motivated.
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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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GAZPROM asserted its status as a major force in Russian oil yesterday by confirming that it would bid for Yuganskneftegaz, the Yukos oil subsidiary.
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Russian authorities have brushed aside a US court ruling seeking to halt the sale of the core asset of the embattled Yukos Oil company.