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. Last Updated: 07/27/2016

Share Issue Blocked

MOSCOW -- The Samara Arbitration Court on Monday overturned a share emission in Yukos subsidiary Samaraneftegaz that had been approved by a March 23 shareholders meeting.

The court case had been brought by foreign investor Kenneth Dart, who has been waging a battle against Yukos and its plans for Samaraneftegaz and two other Yukos subsidiaries, Tomskneft and Yuganskneftegaz.

A Yukos spokesman said the company would appeal the ruling, which it called "cynical." He added that the ruling will not affect Yukos' operations.