Yukos key shareholders and creditor banks filed a lawsuit Friday in a $1.1 billion against Yukos
Yukos key shareholders and creditor banks filed a lawsuit Friday in a $1.1 billion against Yukos in order to get some cash out before its expected collapse.
Group Menatep, the main Yukos shareholder, is to claim $650 million from Yukos through its subsidiary Moravel.
Moravel filed its suit together with a claim from a syndicate of more than 10 western banks, led by Societe Generale and including Deutsche Bank AG, Citigroup and ING NV. ?We have the same position as the banks. Both have a claim against Yukos Oil,? said Moravel?s lawyer Allard Huizing.
The banks are chasing about $480 million outstanding from $1 billion loaned to Yukos in 2003.