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AS EUROPEAN Union leaders yesterday met to discuss the need to wean their economies off oil and gas imported from potentially unstable states such as Russia, the Kremlin delivered a blunt reminder: you need us more than we need you.
RUSSIAN oil giant Yukos has been declared bankrupt, clearing the way for the firm to be liquidated and ending a three-year court battle for survival after it was hit with a huge back-tax bill.
SHARES in Russian oil giant Rosneft fell yesterday in the controversial stock's first session trading in Moscow as lawyers for rival Yukos sought to block a London listing planned for Wednesday in the High Court.
SCOTTISH network security group Synartra has tied up a "six figure" deal with Lukoil Overseas, a subsidiary of Russia's biggest oil firm Lukoil, which will see the firm's SecureZones technology used to encrypt and transmit sensitive data.
STRICKEN Russian oil firm Yukos said it had been hit with a further back-tax bill for 2004 of about $3.5bn.
Jailed Russian oil tycoon Mikhail Khodorkovsky has been taken to a prison in a remote Siberian region bordering China to serve his eight-year fraud and tax evasion sentence, it was reported yesterday.
A MOSCOW court yesterday threw out an appeal by jailed Russian tycoon Mikhail Khodorkovsky against his conviction for fraud and tax evasion, but reduced his nine-year jail sentence to eight years.
MIKHAIL Khodorkovsky, the jailed Russian oil tycoon set on annoying the Kremlin which he says put him behind bars for political reasons, declared yesterday he would run for a parliamentary seat in a by-election in December.
THE jailed Russian oil tycoon Mikhail Khodorkovsky has ended a hunger strike, his lawyer said yesterday, as his appeal hearing and that of his business partner, Platon Lebedev, was set for 14 September.
THE jailed Russian oil tycoon Mikhail Khodorkovsky has begun a hunger strike to support his colleague Platon Lebedev, who was moved into an isolation cell last week, according to a statement read by the billionaire's lawyer.
THE jailed oil tycoon Mikhail Khodorkovsky, who was sentenced to nine years' imprisonment in a case many observers say was motivated by political revenge, said yesterday that he believes the sentence will be overturned.
RUSSIAN oil baron Mikhail Khodorkovsky was jailed for nine years by a Moscow court, yesterday, in a sentence that provoked a storm of international criticism.
RUSSIAN judges strung out an apparently inevitable guilty verdict on the oil tycoon Mikhail Khodorkovsky yesterday, delaying their summing-up for a second day.
A TYCOON once believed to be Russia’s wealthiest man faces jail after being found guilty of tax evasion and fraud.
THE Russian oil tycoon Mikhail Khodorkovsky is facing up to ten years in jail after being found guilty of fraud and other crimes yesterday.
SOONER or later in the life of a world leader an event comes along that defines their time in power. For Margaret Thatcher it was the miners’ strike, for Richard Nixon, those tapes. And for Russia’s president Vladimir Putin, the event that is likely to cast his image for the outside world is the verdict in the trial of the oil tycoon Mikhail Khodorkovsky.
A RUSSIAN court was today expected to deliver a verdict on oil tycoon Mikhail Khodorkovsky in a case that has also put the spotlight on Russian President Vladimir Putin.
MIKHAIL Khodorkovsky, the jailed Russian oil magnate awaiting the verdict of his tax evasion and fraud trial, is to face new charges, Russia’s Prosecutor-General’s office said yesterday.