USD 92.2628

-0.33

EUR 99.7057

-0.56

Brent 86.99

+0.1

Natural gas 1.752

-0

400

Yukos Sub 1.6 bn Guarantee Illegal

Agreement making Yuganskneftegaz guarantor of a $1.6 billion loan to Yukos was illegal

Yukos Sub 1.6 bn Guarantee Illegal

The Moscow Arbitration Court ruled that an agreement making Yuganskneftegaz guarantor of a $1.6 billion loan to Yukos was illegal, Interfax reported from the courtroom.

State-controlled Rosneft bought Yugansk in December 2004, after the government seized and sold the unit of Yukos to recover tax claims.

Yukos is struggling to pay more than $30 billion back taxes and fines.

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru