Russia to proceed with Yukos sale

Moscow says it plans to auction oil giant’s main unit despite U.S. court injunction.

Clearly irritated at the U.S. Bankruptcy Court’s last-minute intervention in the Kremlin’s long-running tax war with the Russian company, officials in Moscow asserted that the ruling had no legal force in their country.

“If the West continues to bait the bear, the bear turns east”

As if a US bankruptcy court has any jurisdiction in Russia.

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