Staff Writer Court marshals have given Yukos a month to pay off its $3.4 billion tax bill, raising faint hopes that the company may stave off bankruptcy
Published:
2 August 2004 y., Monday
Staff Writer Court marshals have given Yukos a month to pay off its $3.4 billion tax bill, raising faint hopes that the company may stave off bankruptcy, as former Canadian Prime Minister Jean Chretien emerged as a surprise mediator in the affair.
Yukos stock rose 12 percent Friday after Andrei Belyakov, head of the Justice Ministry's Court Marshals Service, was reported as saying that Yukos is ready to speed up payments on its tax bill and has a month to pay. Yukos has so far paid 20 billion rubles ($690 million), about one-fifth of the bill, Belyakov said, Interfax reported.
"The heads of Yukos have confirmed their wish to accelerate paying off the company's debt in the near future," Belyakov said after meeting with Yukos vice president Frank Rieger, Interfax reported. "We made it quite clear that it is pointless to make excuses to slow the repayment of the debt."
But Yukos said it would need longer than a month to pay off the $3.4 billion bill for 2000, a combination of back taxes and penalties.
Adding to the confusion, Belyakov was reported by Bloomberg to have denied giving the company a month to pay, while Itar-Tass reported him as saying that Yukos had promised to pay within a month.
The Justice Ministry has said it would settle the claim by selling off Yuganskneftegaz, the production unit that produces nearly two thirds of Yukos' total output.
Šaltinis:
.themoscowtimes.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
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »