Russian oil giant faces €4.2bn tax bill

Russian oil giant Yukos owes the government about €4.2bn in back taxes and penalties, the Interfax news agency said today.

“We estimate the overall tax shortfall, including fines and penalties, to be tentatively 150 billion roubles (€4.2bn),” Interfax said, citing a letter from Deputy Tax Minister Igor Golikov to the General Prosecutor’s Office.