Yukos: Declared bankrupt by a Russian court.
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Yukos declared bankrupt
A Moscow court declared oil company Yukos bankrupt today, paving the way for the Kremlin and state oil company Rosneft to carve up the remaining assets of what was once Russia's largest oil producer.
The ruling follows a recommendation by Yukos's creditors, dominated by tax authorities and Rosneft, to bankrupt the company with about $17 billion worth of assets, Reuters reported.
Yukos officials were not immediately available for comment.