15 June 2004 10:29
Unfreezing accounts will help Yukos relocate employees
The Veteran Petroleum Trust fund was founded in 2001 by major Yukos
shareholders. The main aim of the fund, which was given about 10% of
MOSCOW. June 15 (Interfax) - The Swiss Federal Supreme Court's decision to unfreeze 223 million Yukos shares
owned by Veteran Petroleum Trust will allow Yukos to continue carrying out one of its most important social programs, a
Yukos press release says.
The program was opened in 2000, and the shares held by the fund
were to be sold in 2005. Over four years, the company, using its own
Yukos shares, was to finance a program to relocate over 40,000 veteran employees to regions with a better
climate.
finances, has moved several thousand employees, Yukos's press service told Interfax. [RU CH EUROPE EEU EMRG
ASIA] aa aw
[Interfax] |
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