Yukos, once Russia's largest oil company, was declared bankrupt on August 1, 2006, after three years of litigation with tax authorities over tax arrears. Its founder, Mikhail Khodorkovsky, is serving an eight-year prison sentence in Siberia for fraud and tax evasion.
The Moscow Arbitration Court completed on November 12 the Yukos liquidation process by request of the bankruptcy administrator, and the company was struck off the register of legal entities on November 21.
Yukos had paid off more than 710 billion rubles (about $28.4 billion) to its creditors from proceeds from liquidation auctions, and defaulted on claims worth 76 billion rubles (about $3 billion).
The liquidation of Yukos was widely seen as part of the Kremlin's drive to regain control over the country's oil and gas sector. Most of the company's main assets fell into the hands of Rosneft, making the state-run company Russia's largest oil producer.
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We have witnessed the total defeat of western Ukraine, Western nationalists and the West in general, which made the unfortunate decision to support the anti-government activity. They failed to realize that the collapse of Yanukovych means the collapse of Ukrainian unity. They set fire to their own home and planted a time bomb under Ukraine’s territorial integrity.