Another setback for Yukos

Russia’s Justice Ministry today revoked permission granted by bailiffs for the beleaguered oil giant Yukos to use previousl- frozen funds to pay for day-to-day operations.

The move came just a day after Yukos said it had received permission from the ministry’s bailiffs service to use its bank accounts for operational costs, a decision the company said would help keep it afloat for the time being and make payments on its mounting tax debt.