Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Russia

Yukos On The Brink

July 2004 | Market Strategy

Every day seems to bring worse news for Russian oil giant Yukos. Deadlines for paying US$3.4bn in back taxes, raids by the police, new multi-billion dollar tax demands, the withdrawal of ratings and defaulting on loans now seems like an average week for the embattled company. With so much going on, trying to value the company even on fundamentals seems somewhat fraught with

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