Statement
by Yukos Oil Company
Posted: 26 May 2004
In view of today's ruling of the Moscow Arbitration Court to claim
from Yukos over 99 billion Rubles in taxes, penalties and fines
for the year 2000, the Company deems it necessary to announce the
following.
The court ruling passed with numerous violations of procedural
norms, as well as the decision of the Tax Ministry dated 14 April
2004, are ungrounded and selective.
The court ruling has not come into effect, and the Company will
undoubtedly file a complaint against it, since the Company is absolutely
confident that it has always paid all taxes in good faith and in
accordance with the existing legislation of the Russian Federation.
The Company believes that today, a legal precedent, which is exceptionally
dangerous for the entire Russian economy, was created whereby Yukos
was made liable for third parties' taxes.
In Yukos' opinion, the Tax Ministry’s actions and the Arbitration
Court’s ruling, blatantly infringing legislative norms, including
the expired term of levying fines for non-existent tax violations,
are aimed at destroying one of the largest and most successful companies
in Russia.
These actions prove that the so-called "Yukos case" is
clearly politically motivated, which was acknowledged, in particular,
by official representatives of the Parliamentary Assembly of the
Council of Europe.
Recognizing its responsibility to the employees, shareholders,
partners and clients, Yukos will make every effort towards fulfillment
of all its obligations.
For more information see www.yukos.com
Posted by Richard Price,
Editor Pipeline Magazine
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