Ailing Russian oil firm, Yukos has been granted a one month reprieve regarding collection of its massive back tax bill, it emerged this week.
Speaking following a meeting with the firm's top brass, head of the Russian bailiffs service, Andrei Belyakov revealed that Yukos has paid off 20% of its debt, and announced that "the remaining part must be paid off within the period of a month".
Reports in the national media have also suggested that the firm will be permitted to access previously frozen bank accounts in order to pay salaries, and is free to continue to produce and sell oil.
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