Yukos has confirmed today that it received a notification from a group of banks declaring it in default on a $1 billion loan, says Reuters.
The credit was given by syndicate of banks - Societe Generale, Citigroup, Commerzbank, Credit Lyonnais, Deutsche Bank, HSBC and ING.
Prior to that the court obliged YUKOS to repay the Tax and Duties Ministry`s bill of 99 billion rubles. After that the T&DM billed another 98 billion. Last week representatives of the Prosecutor’s office and bailiffs raided the central office of the company.