A consortium of Western banks headed by Germany’s Deutsche Bank has postponed the signing of a credit agreement with Russia’s gas monopoly Gazprom due to the restraining order announced by a U.S. bankruptcy court on the property of Yukos Oil Company
Published:
18 December 2004 y., Saturday
A consortium of Western banks headed by Germany’s Deutsche Bank has postponed the signing of a credit agreement with Russia’s gas monopoly Gazprom due to the restraining order announced by a U.S. bankruptcy court on the property of Yukos Oil Company.
A Houston court placed a 10-day temporary restraining order, forbidding the auction on Sunday, Dec. 19, of a controlling stake in Yuganskneftegaz, the main production subsidiary of Yukos. The restraining order was specifically placed on Gazprom and the consortium of Western banks.
According to the information provided by Russia’s Itar-Tass agency, which quoted high-ranking Western financial sources, the consortium made a decision to “freeze” the credit deal with Gazprom at least until a final decision is made by the Houston court.
“This step is a forced one, because if the credit line is extended to Gazprom within the next 10 days the Western banks risk facing legal charges on U.S. territory. None of the banks want to find themselves in such a situation at the moment,” the source said.
Šaltinis:
mosnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »