Putin: Yukos Sale Legal
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President Vladimir Putin said Tuesday that the buyer of a key asset of the bankrupt Russian oil giant Yukos is a group of "individuals with a long history in the energy sector" and he said the sale, which went forward despite a U.S. court injunction barring it, followed Russian law and was an internal matter.
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The Russian government does not intend to nationalize the Yukos oil company, but state-owned organizations will be able to bid if the embattled company&#39;s assets are put up for auction, President Vladimir Putin said Friday.
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LONDON (CBS.MW) -- Russian President Vladmir Putin told a group of media executives &quot;the state&#39;s goal has not been, is not and will not be&quot; to nationalize the country&#39;s emabattled oil giant Yukos (YUKOY) , AFX News reported, though said that state firms
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The buyer of the main asset of embattled Russian oil firm Yukos is reportedly sold to state-owned Rosneft.
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Russian President Vladimir Putin said Tuesday that a Chinese state oil company could participate in developing oilfields of the Yukos oil group's main asset sold at auction at the weekend.
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Russian President Vladimir Putin said the auction that saw the crown jewel of the Yukos oil empire bought by a mysterious company fully complied with Russian law, and he suggested that the new owners of the subsidiary could eventually link up with another
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Some of YUKOSâs assets will be sold through the Russian Federal Property Fund, the Justice Ministryâs Main Department in Moscow said on Tuesday.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order that seeks to halt  Sunday's auction for at least 10 days.
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Russia is set to go ahead with a sale of the main production asset of Yukos, the countryâs embattled oil company, despite an injunction issued late yesterday by a US court.
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Russia's president endorsed the sale of a majority stake in Siberian oil fields held by Yukos, the besieged Russian oil conglomerate, and said the purchase had followed the law.
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Russia said on Friday it would go ahead  and sell Yuganskneftegaz, the main oil production unit of  YUKOS, despite a U.S. bankruptcy court order seeking to block  Sunday's auction for 10 days.
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Russia looks ready to sell the key  production unit of beleaguered oil group YUKOS on Sunday and  put it back in state hands after almost a decade under private  management.
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President Vladimir Putin said on Friday Russian state firms should be allowed to buy assets of oil major YUKOS (YUKO.RTS: Quote, Profile, Research) if they are put up for sale to cover the firm&#39;s huge back tax bill.
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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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Russian President Vladimir Putin throws a question mark over the future of Yukos, saying state-owned companies should be allowed to buy the oil firm's assets.
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President Vladimir V. Putin said on Friday that state-run companies might bid for assets of Yukos in any sale to collect back taxes.
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Russian President Vladimir Putin Thursday strongly defended the takeover by state oil firm Rosneft of stricken oil major YUKOS&#39;s key production unit, Yuganskneftegaz