US court orders halt to auction of Yukos main unit

Published: 17 December 2004 y., Friday
A US bankruptcy judge on late Thursday issued a temporary injunction to block this weekend's sale of embattled Russian oil giant Yukos' main production subsidiary, Yuganskneftegaz. In issuing the injunction, US Bankruptcy Judge Letitia Clark also accepted jurisdiction of Yuko's bankruptcy case filed in Houston on Tuesday. The company has called the filing its last try to avoid the auction of Yuganskneftegaz, ordered by Russian authorities in the ongoing dispute with Yukos over 28 billion US dollars in taxes.
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