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He and Platon Lebedev, his co-defendant, have little left to bargain with: Yuganskneftegaz, Yukos's main production arm, has already been renationalised as part of a parallel corporate tax case.
For many investors, the company died long ago.In fact, Yukos has continued to operate, eviscerated though it was by the forced and rigged auction of Yuganskneftegaz, its main production arm, in December 2004, and the continued harassment and prosecution of its employees.
The rebuff may open the way for a hostile bid from Harmony Gold Mining, a domestic rival, that would create the world's biggest gold-mining company.Gazprom, Russia's part-state-owned gas monopoly, said that it would bid for Yuganskneftegaz, the main production arm of Yukos, when it is auctioned on December 19th.
It all seems to track the general disappointment with Vladimir Putin's moves in the Yukos affair the Kremlin seized the private oil company's main production arm in a purported tax collection effort and his increasing distance from liberal economic advisers.
Embattled Russian oil giant Yukos threw a spanner in the works of the Russian government's plans to auction off its main production arm, Yuganskneftegaz, to settle an outstanding $27.5 billion tax bill.
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The series is a co-production with Headline Pictures and Electric Shepherd, the production arm of the Philip K Dick Estate.
The Company's main production site is Burghausen in Germany.
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