A company statement today said the decision regarding a legal dispute over tax payments to the government "paralyzes the productive capacity of Yukos." Yukos said the decision also prevents the company from settling accounts and paying salaries to employees, and will bring regional operations to a halt.
A deadline for Yukos to pay $3.4 billion in back taxes for the 2000 financial year passed earlier this week.
Uncertainty over the future of Yukos -- which accounts for 2 percent of global oil production -- has contributed to a recent rise in world oil prices.
(AP/AFP/Reuters)
A deadline for Yukos to pay $3.4 billion in back taxes for the 2000 financial year passed earlier this week.
Uncertainty over the future of Yukos -- which accounts for 2 percent of global oil production -- has contributed to a recent rise in world oil prices.
(AP/AFP/Reuters)