Yukos CFO delays return to Russia
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MOSCOW The chief financial officer of Yukos, Russia&#39;s embattled oil company, said Thursday that he had delayed his return to Moscow indefinitely after Russian prosecutors had summoned him for questioning.
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The board of Russia&#39;s embattled oil giant Yukos will halt crude supplies to Baltic refinery Mazeikiu Nafta until the end of the year, the Interfax agency reported Monday - just hours after Yukos confirmed a similar move involving a Chinese company.
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Company delays divestiture of manufacturing assets, as it focuses on its financial restatement.
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The chief executive of an investment fund with Swedish roots said Wednesday that the Russian government's actions regarding oil giant Yukos could drive foreign investors to international courts.
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Oil major YUKOS will hold a shareholders meeting on Dec. 20 to decide whether to file for bankruptcy or liquidate the firm after it was hit with huge new
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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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OAO Yukos Oil Co., Russia&#39;s biggest oil exporter, will cut deliveries to China&#39;s biggest oil company next month after a government freeze on its bank accounts prevented it from paying railway bills.
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Russia will forge ahead with an auction on Sunday to sell the key asset of stricken oil company YUKOS despite an order from a US bankruptcy court blocking the sale for 10 days, an official said on Friday.
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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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A Moscow judge on Friday extended until May 14 the detention of the former Yukos CEO, who is on trial on fraud and tax-evasion charges.
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MOSCOW : Yukos won a stay of execution when a Russian official said its main production unit will have three months to scrape up cash to cover a crushing tax bill that could otherwise bury the wounded oil giant.
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MOSCOW -- A half-dozen executives of Yukos, the embattled oil giant, have left Russia and the company's chief financial officer said he won't return until he learns whether the government plans to charge him.
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Russia's embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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A Moscow court on Tuesday delayed a  hearing into a $22.5 billion lawsuit by Russia&#39;s federal  customs service against Bank of New York to November after the  plaintiffs asked the Foreign Ministry to intervene.
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[Presenter] Hearings on the Yukos case are to resume in a Houston court in a couple of hours. The court is expected to look today at the possibility of temporary suspension of all transactions involving the
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Russia&#39;s embattled Yukos oil giant said it had partly suspended its deliveries to China because its legal troubles have left it without cash to pay transport and customs costs.
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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.