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Russian foreign minister says Yukos situation should be
Published in Saudi Press Agency on 28 - 11 - 2004


Russian Foreign Minister Sergey Lavrov said
Friday that the case involving the embattled Yukos oil
company should be settled according to Russian law.
"The Russian leadership has commented more than once on
the Yukos situation, and it should develop according to
Russian laws," the Interfax news agency quoted Lavrov as
saying.
His comments followed a U.S. bankruptcy court ruling
Thursday that granted Yukos' request for a temporary
injunction to block the auction in Moscow on Sunday of the
company's Yuganskneftegaz subsidiary, which produces about
60 percent of its oil.
Asked to comment on the ruling, Lavrov said that "someone
wanted to drum up tension and put the investment climate in
Russia in doubt."
"This is to a large measure an ideologized and
politicized attempt to use the mass media for certain
goals," he was quoted as saying.
Earlier Friday, a senior Russian government official said
that gas monopoly Gazprom, the state-favored, expected
buyer, should heed a Houston court order banning it from
bidding at the auction, Dow Jones Newswires reported.
"Gazprom, as a worldwide company, can't ignore this
judicial action," he said. "We have had precedents when
western court rulings turned out to be a headache not only
for businesses but also for the state."
--more
1452 Local Time
1152 GMT


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