Wednesday, March 17, 2010

Russian Oil Exports Hit by Yukos Suit

Major Russian oil company Rosneft faces a possible export deadlock after bankrupt Yukos won U.S. and British court injunctions making payments to Rosneft virtually impossible. The injunctions were entered in proceedings to enforce a 2009 Dutch court award of $389 million and an underlying Russian arbitral award for Yukos Capital.

Update: Rosneft disclaims any payment problems

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