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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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18.12.2004 - Gazpromneft has applied for an upcoming Yuganskneftegaz auction
The Russian Federal Property Fund is arranging the auction next Sunday, December 19, to sell a 76.79% Yuganskneftegaz block, at an initial 246,753,447,303 rubles ($1=27.84 rubles). Ordinary Yuganskneftegaz shares will come in one lot, each at a nominal 177,889 rubles and 80 kopecks. Yukos comes as block proprietor and debtor.
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18.12.2004 - Yukos will not have extraordinary shareholders’ meetings, December 20 and January 13
The Moscow Arbitration Court has prohibited next Monday’s meeting on a suit brought by the Millhouse Capital, one of the Yukos holders.
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18.12.2004 - Money supply grows
The money supply in Russia amounted to RUR1.578 trillion (about USD56.6bn) on December 14, 2004, the external and public relations department of the Russian Central Bank reported. On December 6 it was RUR1.523 trillion (about USD54.6bn).
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18.12.2004 - Yuganskneftegaz to be auctioned in line with Russian legislation
The Russian Federal Property Fund (RFFI) prepares for an auction to sale shares of the Yuganskneftegaz Company.
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18.12.2004 - Spain wants to fund construction of Russian railroads
The Spanish government is ready to fund a feasibility study on the construction of a Moscow-St. Petersburg high-speed railroad, the St. Petersburg Times said citing Spanish Ambassador to Russia, Francisco Javier Elorza Cavengt. "The Spanish government is ready to sign an agreement on allocating EUR1.3bn to conduct a feasibility report for the high speed railway," he was quoted as saying. Plans to resume construction of a high-speed railway between Moscow and St. Petersburg were voiced by Russian Transportation Minister Igor Levitin last June. At the time, the ministry studied the experiences of several countries that run similar projects and held negotiations with South Korea, Japan and Spain.
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17.12.2004 - Domestic funds for Gazprom auction buy - analysts
Gazprom may attract credit resources from Surgutneftegas to buy YUKOS oil-producing subsidiary Yuganskneftegaz at the coming auction, Alfa Bank analysts say.
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17.12.2004 - Russia pays IMF 22.4Mln euros
The Russian Finance Ministry paid the International Monetary Fund 22.374 million euros (19.468 SDR) on Friday, the second of four payments scheduled for December.
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17.12.2004 - Gazprom to export 180 bln cubic meters of gas to Europe by 2010
At its Thursday meeting the Gazprom board considered the implementation of the company export strategy on the European gas market, PRIME-Tass reports.
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