Yukos seeks US bankruptcy refuge
Embattled Russian oil giant Yukos has filed for bankruptcy protection in a US court in an attempt to prevent the forced sale of its main production arm. Russian authorities are due to auction off Yuganskneftegas on 19 December to pay a huge tax bill sent to Yukos.
Even if the US court backed Yukos, Russian authorities would probably ignore its decision.
As well they should. Yukos has no US offices or assets so a bankruptcy filing in the US is absurd.