Logo
  Monday, August 19, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

The Yukos affair will be handled in compliance with Russia's domestic legislation
The Yukos affair will be handled in compliance with Russia's domestic legislation, Foreign Minister Sergei Lavrov pointed out at a press conference Friday. "Perhaps, someone would want Yukos-related events covered in such a way as to raise sensational tensions in the relationship between Russia and the West and even to call into question the prospects of the investment climate in Russia," the minister said, describing such attempts as political indoctrinated. A source in the Russian government believes Gazprom should closely analyze possible implications of the Houston court's decision vis-a-vis the embattled oil giant. "Gazprom and its advisors should carefully analyze the Texas court ruling's implications," the source said to reporters Friday, speaking on condition of anonymity. The comment came after Houston's bankruptcy court had ruled that all operations with Yukos' assets be suspended, including the planned selloff of its main production unit, Yuganskneftegaz. As a globally operating company, Gazprom cannot ignore the ruling, the source said, but did not elaborate on how the situation may affect the Russian gas major, but called his audience's attention to reputation as an important factor in a company's capitalization. Valeri Tutykhin, a partner of the law firm John Tiner & Partners told RIA earlier that the Texas court had no authority to ban bank loans for Gazpromneft. He said Western banks may stop short of crediting Gazpromneft out of prudence, but that all would depend on the form of loan. "Supposedly, Gazprom adopts a new development program for a ten-year term tomorrow and gets $10 billion in loans to implement it," he said.
Print The Yukos affair will be handled in compliance with Russia's domestic legislation Bookmark The Yukos affair will be handled in compliance with Russia's domestic legislation

Related News   
NovDecember 2004Jan
MoTuWeThFrSaSu
293012345
6789101112
13141516171819
20212223242526
272829303112
3456789