Russia Rejects U.S. Injunction Over Yukos

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http://www.xposed.com/headline_news/74_ds_1386685.aspx

Russia is vowing to proceed with an auction of oil giant Yukos' key production subsidiary, saying a U.S. court ban is irrelevant. But the expected winner of Sunday's auction, the state-run Russian gas company Gazprom, may not be able to pay after a consortium of Western banks reportedly put on hold billions of dollars in credit it needs to fund its bid.

U.S. Bankruptcy Judge Letitia Clark granted Yukos' request on Thursday for a temporary restraining order delaying for 10 days the auction of the Yukos unit, Yuganskneftegaz. Russian officials said on Friday the ruling was irrelevant on Russian soil.

"The sale of Yuganskneftegaz is an internal matter for Russia," Prime Minister Mikhail Fradkov was quoted as saying by Russian news agencies Friday.

Foreign Minister Sergey Lavrov said the U.S. court decision would have no legal force in Russia.

...is this gonna to be good or bad for us peons, I know junior will be pissed.

[bahrbearian]

1. What makes this judge think that they would have any kind of

jurisdiction ? U.S. Bankruptcy Judge Letitia Clark granted Yukos' request on Thursday

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2. I haven't the foggiest! 'Tis all organized crime talk with buzz words

flowery talk, catch-phrases and moralistic expressions to make everyone think everything is legal in love & war.