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Russia To Sell Shares Of Yukos

20 July 2004 -- Russia's Justice Ministry says authorities will sell seized shares in one of the Yukos oil firm's companies to pay part of its tax arrears.

A ministry statement released today says shares in Yuganskneftegaz will be turned over to the Property Fund, the agency that is the nominal owner of Russia's state assets.

Meanwhile, the trial of Russian oil magnate Mikhail Khodorkovskii, the top shareholder in Yukos, is due to resume today in Moscow.

Khodorkovskii faces up to 10 years in prison if found guilty of tax evasion and fraud. Khodorkovskii's legal team says the case against him is politically motivated to punish him for challenging the authority of Russia's government, which the government denies.


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