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Debt of Russia's Yukos up $1.6 billion to $23.6 billion

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Debt claims against bankrupt Russian oil company Yukos [RTS:YUKO] rose 42.1 billion rubles (about 1.6 billion) to $23.6 billion after a Moscow court upheld additional back-tax and corporate creditor claims, the company receiver's press service said Thursday.
MOSCOW, November 16 (RIA Novosti) - Debt claims against bankrupt Russian oil company Yukos [RTS:YUKO] rose 42.1 billion rubles (about 1.6 billion) to $23.6 billion after a Moscow court upheld additional back-tax and corporate creditor claims, the company receiver's press service said Thursday.

The Moscow Arbitration Court has ordered for the battered company's creditor list to include the Federal Tax Service's claim of 42 billion rubles ($1.58 billion), along with claims from oil companies Ulyanovsknefteprodukt (21.7 million rubles/$814,000), Tomsknefteprodukt (41.6 million rubles/$1.6 million), and Ecoproekt 6.2 million rubles ($233,000), the statement said.

Yukos, whose founder Mikhail Khodorkovsky is serving an eight-year prison term in Siberia after being convicted of fraud in May 2005, was declared bankrupt by the court on August 1, upholding a July 25 vote by the company's creditors.

The company's debt stood at 586.6 billion rubles ($22 billion) as of November 2. The list of creditors, which originally numbered around 50, has now expanded to more than 60, the statement said.

Yukos faces another 42.8 million rubles ($1.6 billion) in debt claims, including 38 billion rubles ($1.43 billion) from the tax service. Court hearings on these claims have been postponed until December 25.

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