02 September 2004 16:47
The accounts of YUKOS branches under arrest
Yukos, the Russian oil giant, could be forced to halt production because of a new court order, the company has said.
Reports said a court had agreed to a request from prosecutors that would prevent the company from accessing its bank accounts.
Yukos faces a demand for billions of dollars in back taxes and has said the bill could push it into bankruptcy.
The latest reports have reignited world oil prices, with New York light crude up 42 cents at $44.42 (£24) per barrel.
[BBC Monitoring] |
RUSSIA IN FACTS
