Rosneft Has To Pay Yukos Minors' Charges

Russia's state oil company Rosneft's head Sergey Bogdanchikov is ready to face charges brought in by the YUKOS minors, his lawyers said.

They have applied for extending the term of response to claimants. Bogdanchikov had been denying the mere fact of being given the writ up to the last moment but filed the appeal to the U.S. Columbia Court just in time.

The term of responding to claims of the YUKOS minors expired on March 6. On the same day, Weil, Gotshal & Manges LLP that acts on behalf of Rosneft president on the one hand, and lawyers of the claimants on the other hand, filed an appeal seeking prolongation of the term in the court.