MOSCOW: Russian oil giant Yukos, its main owner on trial and facing a huge tax bill that could drive it into bankruptcy, said yesterday that a group of creditor banks had declared it in default.
“On July 2, we received the default notice from the banks which helped us organise the US$1bil loan,” Yukos spokesman Alexander Shadrin told Reuters.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!