According to reports in the international media, Yukos' main shareholder group has announced that it will be taking legal action against the Kremlin, and also against whoever purchases the firm's main product unit at the auction of assets being forced by the Russian government to cover the oil giant's tax liability.
Yukos is reportedly facing a $24 billion tax bill, of which it has paid just $4 billion. Observers have suggested that the selling-off of its assets, combined with monster tax debts, is likely to force Yukos into bankruptcy in the near future.
Reporting on the matter this week, the Guardian revealed that in an attempt to scare off potential buyers, Group Menatep, the shareholder group through which the imprisoned entrepreneur, Mikhail Khodorkovsy owns a majority share of Yukos, has threatened that whoever wins ownership of the Yuganskneftegaz production unit will face lengthy and expensive litigation.
Khodorkovsky's lawyer, Robert Amsterdam told the UK newspaper that:
"Their [the government's] mission is to destroy the company."
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