Yuganskneftegaz shares to be evaluated

The shares of the Yuganskneftegaz company will soon be evaluated, Russian Minister of Justice Yury Chaika told reporters.

Earlier, the Ministry's public relations center reported that the package of shares of Yuganskneftegaz, the main enterprise of the Yukos oil company, will be evaluated by independent valuators and sent to a specialized organization for sale.

The Bailiffs Service of the Russian Ministry of Justice, the Federal Agency for Federal Property Management and the Federal Service for Financial Markets had set up a working group which selected organizations for evaluating the Yuganskneftegaz shares.

Two weeks ago, on July 14, bailiffs arrested the registers of the shares of the Yuganskneftegaz and of the Samaraneftegaz subsidiary company of Yukos. "In view of the expiration of the time limit for a voluntary fulfillment of the court ruling, the bailiffs started forced actions with regard to the debtor (Yukos)," the public relations center of the Justice Ministry reported. Despite opposition on the part of Yukos, the bailiffs found the registers of shares of Yuganskneftegaz and Samaraneftegaz.

The registers of shares were arrested.

After that, the Federal Service for Financial Markets banned the alienation and re-registering of the shares of Samaraneftegaz, Tomskneft and the Yuganskneftegaz which belong to Yukos.