Yukos in credit default notice

Russia’s beleaguered Yukos oil company received notification of a default on $1bn (€811,817) in credit, the Interfax news agency reported today.

Yukos in credit default notice

Russia’s beleaguered Yukos oil company received notification of a default on $1bn (€811,817) in credit, the Interfax news agency reported today.

Company spokesman Alexander Shadrin, said Yukos received the notification from Societe Generale on Friday evening.

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