YUKOS Top Managers Leave Russia Fearing Arrest
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The top management of oil major YUKOS has left Russia fearing arrest under a Kremlin drive to &quot;decapitate&quot; the country&#39;s largest oil exporting company, a YUKOS source said on Thursday.
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Russian authorities have searched the homes of dozens of managers working for the embattled Yukos oil company in what one board member described as a massive campaign reminiscent of the Stalinist purges, a news agency reported Sunday.
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Russia left YUKOS and its investors guessing as to its next move on Monday after selling its main oil production unit to Baikal Finance Group, a mystery
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A half-dozen executives of embattled oil giant Yukos have left Russia and the company's chief financial officer said Thursday he won't return until he learns whether the government is planning charges against him.
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Authorities arrested a manager at a top subsidiary of Russian oil giant OAO Yukos amid an investigation into the alleged embezzlement of millions in company funds, a Russian news agency reported Thursday.
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THE refugee directors of Yukos, the embattled Russian oil group, are set to scatter across the globe this week in a desperate bid to save the company from destruction.
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Top Russian oil exporter YUKOS  threatened to escalate its legal battle abroad Tuesday as the  mystery surrounding the buyer of its core asset began to lift  with newspapers linking it to Russia's No. 4 oil firm,  Surgutneftegaz.
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The identity and motivation of the new owner of Yukos' main production division is the subject of frantic speculation in Moscow.
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A half-dozen executives of embattled oil giant Yukos have left Russia and the company&#39;s chief financial officer said Thursday he won&#39;t return until he learns whether the government is planning charges against him.
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MOSCOW: Russia arrested an executive of embattled oil major Yukos yesterday and put the firm&#39;s top lawyer on the wanted list, stepping up pressure on the company ahead of its widely expected demise.
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Rosneft, the state-owned Russian company that bought Yuganskneftegaz mystery buyer, Baikal Finance, may ouster Gazprom from its position as Russiaâs top energy company.
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The main shareholder in Yukos, the Russian oil company, on Sunday threatened to sue whoever buys its main subsidiary, which the government has forced it to sell by the end of this week.
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Under a powdery gray Moscow sky, YUKOS employees trudged through the snow to work on Friday, fearful for the future but afraid to speak out against a government about to dismember the once-mighty oil firm.
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Yukos warned yesterday that it is no longer able to pay staff wages and that oil production could stop any day. The latest problems to beset Russia&#39;s biggest oil company sent the price of crude racing ahead again on the global markets.
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Yukos chief financial officer Bruce Mismore on Thursday testified that Russian authorities were threatening him with legal action and possible extradition
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As Yukos, one of Russia&#39;s largest oil companies nears its end, six of its top executives have left the country in fear of possible charges being brought against them.
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Russia's embattled Yukos oil giant raised the stakes in its bitter standoff with the Kremlin as the company slashed supplies to China in a move analysts said was designed to cause maximum embarrassment in Moscow.