22.12.2004 - YUKOS falls 30%
Trading of YUKOS shares has been suspended for the third time today on the Moscow Interbank Currency Exchange. The oil company has become 29.78 percent less expensive today. At 6:13 p.m. Moscow time the price of a YUKOS stock was RUR14.5 (about USD0.52), the exchange reported.
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22.12.2004 - Government dissatisfied with economic development
The Russian government has noted some worsening of the main economic parameters in 2004, a government source told RBC before a meeting of the Cabinet devoted to a program of Russia’s social and economic development for 2005-2008. Specifically, the GDP growth rate in 2004 is expected to reach 6.8-6.9 percent, compared to 7.3 percent in 2003.
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21.12.2004 - State-run company reportedly behind acquirement of Yuganskneftegaz
Certain state-run company, neither Gazprom, nor Surgutneftegas, is behind the acquirement of YUKOS’ major oil producing subsidiary Yuganskneftegaz, Chairman of the Board of Directors of YUKOS Viktor Gerashchenko believes.
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21.12.2004 - Ex-YUKOS head on Yuganskneftegaz auction
The most efficient oil company in Russia has been destroyed following the selling of Yuganskneftegaz, the press center of Mikhail Khodorkovsky reported citing the former YUKOS CEO and its major shareholder, who is in jail now. "State authorities have made a wonderful Christmas present by destroying Russia’s most efficient oil company," Khodorkovsky said through his lawyers.
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21.12.2004 - MENATEP sues "BaikalFinansGroup"
Lawyers for the MENATEP group will file a lawsuit against the BaikalFinansGroup company that bought the Yuganskneftegas company at an auction on Sunday, a source from the MENATEP Group told Tass.
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21.12.2004 - $8.1bn in cash brought to Russia in October
Some $8.095bn in cash foreign currencies were supplied to Russia in October 2004, which was 1.1 percent higher than in September 2004. Some $8.083bn were spent, 1.6-percent more than 12 months ago.
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20.12.2004 - Norilsk Nickel to consider Gold Fields’ takeover
Norilsk Nickel, Gold Fields and Harmony started preliminary consultations to discuss alternative proposals that would suit all the parties of Harmony’s bid to take over Gold Fields, the press service of Norilsk Nickel reported. Any discussions or possible suggestions will not affect the validity of the irrevocable commitment that Norilsk Nickel signed in favor of Harmony within the framework of Harmony’s proposal to Gold Fields’ shareholders.
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20.12.2004 - Russian-Canadian business council to be established
The Russian Union of Industrialists and Entrepreneurs and the Canada Eurasia Russia Business Association (CERBA) will sign an agreement on the establishment of the Russian-Canadian business council. Nathan Hunt, the President of CERBA Moscow, Canadian Ambassador to Russia Christopher Westdal, General Director of Nortel Networks Igor Marchenko, Macleod Dixon LLP head Anatoly Andriash and others are members of the Canadian delegation.
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19.12.2004 - Baikalfinansgrup acquires 76.79% interest in Yuganskneftegaz
The Yuganskneftegaz auction had a sensational ending. Baikalfinansgrup registered in the Tver region won the auction with 260,753,447,000 rubles. Yuganskneftegaz is the main oil-producing subsidiary of Yukos.
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18.12.2004 - Yukos personnel chief detained
Anton Zakharov, chief of the Yukos personnel department, has been detained for 48 hours at the instruction of the Prosecutor General’s Office, a source close to the company’s leadership told Interfax.
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