Group Menatep, the key Yukos shareholder, said it would ask Rosneft to repay a loan
Yukos shareholders are going to ask Russian state-run Rosneft to pay back a $900 million loan for its core production unit Yuganskneftegaz.
In the end of the year of 2004 Rosneft bought it for $9.3 billion on the auction.
Group Menatep, the key Yukos shareholder, said it would ask Rosneft to repay a loan that Yugansk had secured on its assets.
Futhermore, Rosneft has already faced a similar $540 million repayment demand from foreign banks.
Menatep Group's managing director Tim Osborne told the Reuters news agency: "If they default, we will fight them where the rule of law exists under the international arbitration clauses of the credit."
Legal experts said Rosneft's purchase of Yugansk would include such obligations.
