icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Wind up, say oil firm creditors

Wind up, say oil firm creditors
Yukos creditors rejected a financial management plan and voted for the oil company to be declared bankrupt and its assets liquidated.

The two main creditors, Russia’s tax authorities and oil firm Rosneft, said Yukos owed them more than $17 billion. Yukos estimated it was worth double that amount and tabled a plan it said would see all debts paid off within 18 months. The request for bankruptcy will be considered by a court next Tuesday.

Podcasts