Source Pravda.Ru

Creditor banks notify YUKOS about default

The consortium of creditor banks consisting of Societe Generale, Citigroup, Commerzbank, Credit Lyonnais, Deutsche Bank, HSBC and ING, which are organizers of a syndicated loan totaling $1bn, have given default notified to YUKOS. Now these banks have the right to immediate payment of YUKOS' debit, representatives of YUKOS reported. Previously, another consortium notified YUKOS about a possible $1.6bn default.

As reported earlier, last week, the court obliged YUKOS to pay RUR99bn ($3.4bn) in debts to the Russian Tax Ministry, after which the Tax Ministry claimed RUR 98bn (about $3.37) more.

© &to=http://www.rbcnews.com' target=_blank>RBC

&to=http://www.yukos.com' target=_blank>YUKOS

Early reports by "PRAVDA.Ru":

&to=http://english.pravda.ru/main/18/88/351/13128_YUKOS.html' target=_blank>On YUKOS"s "transparency" and liberalism in Russia

&to=http://english.pravda.ru/mailbox/ 22/99/391/11041_elections.html' target=_blank>The Kremlin-Yukos Cul-de-sac

Comments
Russians tired of Putin's foreign policy
US-Russian confrontation: War is peace, freedom is slavery
Kremlin running out of patience as USA tries to create smoke without fire
The insane idea in Germany: "pedophilia normal love"
Russia's long-range Bastion system follows USS Carney in Black Sea waters
Putin convenes Security Council meeting to discuss new sanctions
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Sanctions and economic warfare. Let God take sides
Caspian Convention challenges Gazprom's rule in Europe
Iran shows new ICBM that can evade radars
How can Americans and Russians understand each other?
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
US-Russian confrontation: War is peace, freedom is slavery
Turkey desperately tries to rescue its national currency as it falls to all-time lows
How can Americans and Russians understand each other?
Russian government prepares to get rid of US dollar in economy
US-Russian confrontation: War is peace, freedom is slavery
Russians tired of Putin's foreign policy