Shares in Russian oil major Yukos fell by 20.2 per cent to 101.35 roubles at the open of trade today after bailiffs seized main production unit Yuganskneftegaz for the second time.
Justice Ministry officials, collecting a $3.4 billion tax debt for 2000, said last night they had frozen the oil-producing subsidiary despite a court ruling last week that their earlier seizure of the unit was illegal.