Yukos Shares Tumble, Main Assets to Be Sold

Russian oil giant Yukos? shares have fallen, after bailiffs announced the sale of Yuganskneftegaz, the firm's main asset to settle a $3.4bn tax bill.
Yukos shares dropped 12% to $6, extending Tuesday's 14% tumble.
In recent weeks Yukos shares recovered amid expectations an agreement could be reached between the authorities and the company that accounts for a fifth of Russia's oil output.