17 June 2004 20:20
Yukos key shareholders agree to 3.5-bn-dollar tax demand
Moscow, 17 June: The key shareholders of Russian oil major Yukos have agreed with the plan to pay the company's
3.5-bn-dollar tax bill, according to a statement released by the shareholders in London today.
The plan envisages using the funds of Group Menatep or selling some of the oil company's assets.
The Moscow Arbitration Court ruled on 26 May that Yukos should pay more than R99.375bn [3.4bn dollars] in back taxes,
as demanded by the Taxes and Levies Ministry, but both sides in the case filed appeals, hearings on which, along with
separate cases against former CEO Mikhail Khodorkovskiy and fellow shareholder Platon Lebedev, are now going on.
Yukos earlier said it did not have the cash to cover the tax bill and could face bankruptcy within weeks of a court
ruling on the claim.
[Prime-TASS news agency] |
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