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  Friday, January 22, 2021
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A Moscow city arbitration court will continue hearings Friday in a $13 billion lawsuit by embattled oil company Yukos over the forced sale of one of its former production arms
The previous court session was adjourned after a representative of state oil major Rosneft, the current owner of Yuganskneftegaz, was taken ill. A 76.79% stake in Yukos production unit Yuganskneftegaz was sold by the federal property management fund on December 19, 2004, in lieu of Yukos' tax arrears for 2000 and 2001. Several days later, Rosneft purchased the unit from Baikal Finance Group, the shadowy group that won the auction. Yukos defense lawyers cited numerous violations of Russian and international law during the auction, and said the federal property management fund deliberately lowered the initial price.
Print A Moscow city arbitration court will continue hearings Friday in a $13 billion lawsuit by embattled oil company Yukos over the forced sale of one of its former production arms Bookmark A Moscow city arbitration court will continue hearings Friday in a $13 billion lawsuit by embattled oil company Yukos over the forced sale of one of its former production arms

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