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
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »