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  Wednesday, March 3, 2021
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The arbitration court has announced Yukos bankrupt and authorized one-year bankruptcy administration
The arbitration court has announced Yukos bankrupt and authorized one-year bankruptcy administration. A Yukos lawyer said they would challenge the judgment. Yukos interim manager Eduard Rebgun thinks that it will take long to sell company assets. “Yukos is a huge empire. It goes beyond traditions, and it is impossible to say when the property may be sold,” he said, following Yukos bankruptcy hearings at court. Rebgun said he would analyze documents concerning company assets, make an inventory and decide which assets would be put on the auction first. “This is a huge pile of documents, and it will take more than a month or two to make a selling decision,” Prime Tass quoted Rebgun. Earlier in the day Moody’s withdrew credit ratings of Yukos.
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