Also Yukos was informed that creditors will use the earnings gained from Yukos oil exports for full or partial return of the credit the company.
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Next Default Of Yukos
The creditors of Russian oil giant Yukos said the company in default of a 1.6 billion US dollar loan
The creditors of Russian oil giant Yukos said the company in default of a $1.6 billion loan because it close to bankruptcy. Creditors said that then Yukos has to pay off the credit in accordance with their requirements.
It their website the company posted a statement,"On August 6, 2004 The Company received notice of default from its bank agent on a pre-export loan of 1.6 billion dollars".
Earlier, in the beginning of July Yukos has already received a letter of advise from creditors on its default of a $ 1 billion.
Also Yukos was informed that creditors will use the earnings gained from Yukos oil exports for full or partial return of the credit the company.
Also Yukos was informed that creditors will use the earnings gained from Yukos oil exports for full or partial return of the credit the company.
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