My profile:
Prana, the mystery firm that Rosneft paid $3.4 billion last year to acquire Yukos' headquarters, has now filed suit against the oil giant for $30 million, which sources believe may be connected to old debts from Yuganskneftegaz, Vedomosti reported.
Yu-Mordovia, another former Yukos subsidiary, filed the lawsuit Wednesday against Rosneft for 728.5 million rubles.
The lawsuit is based on Yuganskneftegaz's old promissory notes, a source close to Prana said, the paper reported. Since the payback period had passed, the only way to get the money back was legal action, the source said.
Rosneft and Yu-Mordovia were not available for comment.
In a May 2007 bidding war with Rosneft, Prana bid up the price for the building, nearly quadrupling the cost.
A month later, Prana sold the majority of its stakes to Rosneft.
"This is a technical issue," Alfa Bank oil and gas analyst Konstantin Batunin said of the tiff over the $30 million. "If it had to do with a bigger issue, it would be discussed behind closed doors."
Mystery Auction Winner Sues Rosneft
26 August 2008
The Moscow Times
Discussion
Comments
The Moscow Times welcomes comments from our readers and encourages you to participate in creating a dialogue about modern-day politics, business and events in Russia. In order to post a comment, you must first be registered with our site, and all comments must adhere to our comments policy.
1. Comments must pertain to the topic of the corresponding article.
2. Comments must not contain vulgarity, ad hominem attacks, slander or anything resembling hate speech.
If you have posted a comment and it does not appear within 24 hours, please contact us.
1. Comments must pertain to the topic of the corresponding article.
2. Comments must not contain vulgarity, ad hominem attacks, slander or anything resembling hate speech.
If you have posted a comment and it does not appear within 24 hours, please contact us.
Most Read
-
Editor, Kremlin Critic Decry YouTube Video
Russian Newsweek editor Mikhail Fishman and opposition politician Ilya Yashin cried foul Thursday after a video surfaced on YouTube that seemingly shows them giving bribes to traffic police officers.
-
Shale Gas Seen Boosting Europe's Energy Security
In the past two years, big energy giants including Exxon Mobil and Royal Dutch Shell have snapped up licenses in Sweden, Poland, Germany, France and Austria to explore for shale gas — natural gas trapped in layered rock rather than porous reservoirs.
-
Aeroflot, Sheremetyevo Reach Compromise
Aeroflot is ready to hand over its Terminal D for management to Sheremetyevo, which will be running the entire airport until officials are able to select an independent operator.
-
Hundreds of WWII Artillery Shells Found
Sappers removed 916 field artillery shells of various calibers after workers expanding Prospekt Marshala Zhukova stumbled upon the cache, prompting evacuation of residents from two nearby apartment buildings.
-
U.S. Company Accused of Exporting Military Technology
A U.S. company is accused of illegally exporting defense technology used by the U.S. military to Russia and three other countries, U.S. prosecutors said.
-
Putin Says Share of Nuclear Market to Rise
Prime Minister Vladimir Putin held a meeting on the nuclear power industry after overseeing the opening of a new reactor in Volgodonsk, Rostov region, that will begin operating at its full capacity of 1,000 megawatts in October.
-
Currency Exchanges Face Oct. 1 Deadline
Effective Oct. 1, street exchange points will be required to become cash-transaction desks or full-fledged bank branches, otherwise the Central Bank will close them.
-
Clinton, Putin to Hold First Meeting Friday
But the announcement was the only outwardly positive news of the day, as Putin said during a meeting on nuclear energy industry in Volgodonsk that Russia would launch Iran's Bushehr nuclear reactor this summer.
-
Skolkovo Designated ‘Silicon Valley’ Location
The prestigious Moscow region town, which currently hosts a premier business school, will have five "presidential" priorities for modernization: energy, IT, telecommunications, biotechnology and nuclear technology, Medvedev said.
-
Lawyer Confesses to $17M Robbery Hoax
Yevgeny Skoblikov, 33, was arrested in October soon after he told police that about $6 million and 7 million euros ($10.5 million) in cash were stolen from his rented Moscow apartment.
-
5 Reasons Why Russia Isn’t China
Many believe that Moscow should have copied China’s reforms. But what made China’s reforms a success was inapplicable to Russia.
-
Russian Corruption 'May Force Western Firms to Quit'
Extortion by corrupt officials in Russia has gotten so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.
-
Online Commerce Choked by Shipping Delays
Foreign-based Internet shopping sites are drawing increasing numbers of Russian consumers looking for deals, but as delays mount at the country's notoriously inefficient postal service, many are finding that securing delivery of their items is no simple task.
-
Sochi Olympic Workers Unpaid for Months
Some construction workers complain that they are going hungry after pawning their documents and valuables to get food at grocery stores, while sympathetic locals have organized a soup kitchen.
-
Russia Today Courts Viewers With Controversy
In a rare interview, the editor of Russia Today explains that the growing channel thrives on controversy as its provides an alternative to mainstream media, and polishing Moscow's reputation is not one of its tasks.
-
Mercedes May Help Solve LUKoil Crash
The "black box" from a LUKoil executive's Mercedes involved in a fatal crash last month will be sent to Germany for analysis, a source close to the carmaker's Russian office said.
-
Putin Sells New Delhi ‘Plane-Proof’ Reactors
Prime Minister Vladimir Putin won support for Rosatom to build a dozen ultrasafe nuclear reactors in India, part of more than $10 billion in deals in energy, arms, telecoms and other cooperation signed during his visit Friday.
-
Medvedev Warns Ministers to Obey Orders
President Dmitry Medvedev warned federal and regional officials on Tuesday that they could find themselves out on the street for not fulfilling his orders in a timely manner, in his latest initiative to raise his profile as the country's top politician.
-
Aeroflot Passengers Stranded in New York
Aeroflot passengers complained Sunday that they had to sleep on the floor at New York’s John F. Kennedy Airport after bad weather delayed their flight by more than 24 hours.
-
Spoof Report of Russian Attack Causes Panic in Georgia
Thousands of Georgians panicked Saturday night when a pro-government television station aired a hoax that President Mikheil Saakashvili had been killed and Russians tanks had invaded their country.
-
5 Reasons Why Russia Isn’t China
Many believe that Moscow should have copied China’s reforms. But what made China’s reforms a success was inapplicable to Russia.
-
Car Crash Thrusts LUKoil Into PR Nightmare
Bloggers are seething over what they interpret as insensitive comments made by the company after one of its vice presidents, Anatoly Barkov, was involved in a car crash that killed two people. Some have called for a boycott of LUKoil gas stations and a popular rapper has written a song declaring that Barkov will go to hell.
-
Adopted Boy's Death in U.S. Stirs Russian Anger
The case promises to reignite Russian anger over U.S. adoptions, a delicate issue in U.S.-Russian relations in recent years, and could tangle efforts by U.S. President Barack Obama to "reset" ties that deteriorated under the previous administration.
-
Finlandization of Georgia and Ukraine
Moscow has a right to protect its own security, but it does not have the right to interfere in the affairs of its neighbors.
-
Mr. Nyet
The Kremlin is clearly not content with its diminished power status. But one way it can still project its power globally is to be the spoiler.
-
Stalin Billboards for Victory Day
Senior state official and rights activists alike have criticized a City Hall plan to display billboards in central Moscow highlighting dictator Josef Stalin's role in the Soviet victory over Nazi Germany.
-
Kremlin Hosts U.S. Innovation Team
Representatives from technology powerhouses Cisco Systems and eBay – along with Twitter enthusiast and actor Ashton Kutcher – are among a 13-member U.S. delegation in Moscow this week for a summit with their Russian counterparts to discuss innovation.
-
Lawmakers Say Heads Will Roll for Dismal Olympic Performance
The nationalist Liberal Democratic Party, or LDPR, initiated the howls, calling on Russian Olympic Committee chief Leonid Tyagachyov to resign immediately
-
Olympic Team Off to Rough Start in Vancouver
Some pundits had suggested that Russian athletes could bring home 30 medals from the 2010 Winter Olympics, but as of Wednesday the team could boast of just one: a bronze from speed skater Ivan Skobrev in the 5,000-meter race Saturday.
-
The Olympic Test
Putin’s Olympics will put on display the system he has built, which is why I have so many doubts about the outcome.
