USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

118

Russian Govt Made Yukos Shares Plummet

Russian oil giant Yukos' shares have fallen by 17.5 per cent

Russian Govt Made Yukos Shares Plummet

Russian oil giant Yukos? shares have fallen by 17.5 per cent after it faced new back-tax bill of $10bn.

Yukos now has to pay off a total of $14bn in outstanding tax demands. It has already paid $3.5bn for the year of 2000.

Fears of an output fall in Russia, amid concerns over the future of Yukos, have helped push oil prices to recent highs.

The shares dropped 11 per cent to 94.30 roubles ($3.28), traded on the MICEX exchange.

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