STRELNA, July 16 (RIA Novosti) - The former owners of the main production unit of Yukos oil company have lost all suits filed in various countries against Rosneft, the president of the state-run oil company said Sunday.
"We have had Yuganskneftegaz in our ownership for 18 months," Sergei Bogdanchikov said at a summit of G8 industrialized nations being held near St. Petersburg. "Over this period, its [former] owners have filed suits in different jurisdictions, including Russia, the United Kingdom and the United States, and have lost all of them."
Bogdanchikov also said 14 banks from 10 countries had won the suits against former owners of Yuganskneftegaz and initiated bankruptcy procedures.
