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.


http://www.reuters.com/article/idUSLDE62F22Z20100317

http://www.kommersant.ru/doc.aspx?DocsID=1338628

Update: Rosneft disclaims any payment problems
http://lenta.ru/news/2010/03/18/rosneft/

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