USD 63.7606

-0.19

EUR 71.1696

+0.04

BRENT 59.24

+0.19

AI-92 42.28

+0.01

AI-95 46.04

+0.01

AI-98 51.75

0

Diesel 46.25

-0.01

25

Yukos Sub 1.6 bn Guarantee Illegal

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