Yukos executives 'flee' Russia
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All the top executives at Russian oil giant Yukos leave the country in fear of arrest.
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MOSCOW A Moscow court has barred the embattled Russian oil company Yukos from holding an emergency meeting at which shareholders were to vote on liquidating the company, an executive at another oil giant said Thursday.
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Almost a year has passed since the then-Yukos CEO Mikhail Khodorkovsky was jailed. Meanwhile, the oil giant he founded is about to lose its core asset, Yuganskneftegaz, that produces 60 per cent of all its oil.
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As Yukos, one of Russia&#39;s largest oil companies nears its end, six of its top executives have left the country in fear of possible charges being brought against them.
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A top Yukos executive told a US audience that Moscow was undervaluing his company's assets to keep Western firms out of the Russian market as the struggling giant sold off its facilities to pay off back taxes, ITAR-TASS reported.
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MOSCOW  - A half-dozen executives of embattled oil giant Yukos have left Russia and the company's chief financial officer said Thursday he won't return until he learns whether the government is planning charges against him.
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Russian authorities have searched the homes of dozens of managers working for the embattled Yukos oil company in what one board member described as a massive campaign reminiscent of the Stalinist purges, a news agency reported Sunday.
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Russia's top oil exporter, YUKOS, slid  closer to collapse after it lost its main production unit to a  mystery buyer in a forced auction and its crude shipments  started to slow.
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Russian oil giant Yukos has decided to halt two-thirds of its oil exports to China, raising the stakes in its yearlong legal battle with the authorities.
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BEIJING: Chinese Premier Wen Jiabao left here for Kyrgyzstan and Russia a day after embattled Russian oil giant Yukos said it was slashing supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.
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MOSCOW - Russian police staged a new raid at the office of Yukos and questioned a company executive, Interfax news agency quoted the general prosecutor&#39;s office as saying, a day after the ailing oil giant filed for voluntary bankruptcy in a US court.
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Fears of a management bailout at the embattled oil giant Yukos loomed large Thursday after the company's chief financial officer said he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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YUKOS and its investors were left  guessing as to Russia's next move Monday after its main oil  production unit was sold off to Baikal Finance Group, a mystery  firm registered in a provincial city.
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Fear of arrest has forced all the top executives at Russian oil giant Yukos to flee the country. The entire management board was in London on Thursday, according to the Financial Times.
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Russia left YUKOS and its investors  guessing as to its next move on Monday after selling its main  oil production unit to Baikal Finance Group, a mystery firm  registered at a grocery in provincial Russia.
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A half-dozen executives of embattled oil giant Yukos have left Russia and the company&#39;s chief financial officer said Thursday he won&#39;t return until he learns whether the government is planning charges against him.
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MOSCOW  - Russian authorities have searched the homes of dozens of managers working for the embattled Yukos oil company in what one board member described as a massive campaign reminiscent of the Stalinist purges, a news agency reported Sunday.