19 May 2004 05:20
Yukos shares jump as court suspends tax ministry claim
MOSCOW. May 19 (Interfax) - Yukos shares jumped over 7% Wednesday afternoon after Moscow Arbitration Court suspended
a Tax Ministry claim against the company for taxes and penalties of almost 100 billion rubles.
Ten minutes after the news, which came out at 4:52 p.m., Moscow time, Yukos soared 7.5% to 314 rubles on the MICEX,
and 6.4% to $10.8 on the RTS.
In the morning, Yukos shares fell following notification from lenders of potential default on a $1.6-billion export
loan and news of a raid at the oil major's head office in connection with the alleged non- payment of taxes by the
Samaraneftegaz subsidiary. [RU ASIA EUROPE EEU EMRG ENR LOA CRIM STX] me
[Interfax] |
RUSSIA IN FACTS
