27 May 2004 13:53
Russia`s Yukos oil company fears it may be bankrupt by end of year
Moscow, 27 May: The Yukos oil company believes it may go bankrupt even before the end of 2004.
"A legal ban on the sale of any assets, including share packages belonging to the company, is currently in
force. Until this ban is lifted, the sale of assets to raise liquid funds is impossible. Consequently, if the Ministry
of Taxes and Levies [this ministry was abolished in Putin's decree of 9 March 2004] continues its present course of
action, we can assume with a high degree of certainty that the company will become bankrupt even before the end of
2004," says a Yukos press release.
[Interfax news agency] |
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