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December 20, 2004

Russian Oil Giant Yukos bought by mystery company

Filed under: by site admin at 3:30 am

PETER CAVE: A mystery Russian company has bought what’s been described as the heart of the country’s beleaguered oil giant, Yukos. The company’s main production unit was seized by authorities as part of a continuing claim for back-taxes which now total around $30 billion.

$30 billion in back taxes? And you thought that few thousand you owed the IRS was a lot!

You can read the full story here.


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