The current economic crisis in Russia has created difficulties for the company, including a sharp drop in cash flow. In addition, Yukos profitability has been reduced by the increased cost of foreign currency obligations and the lower value of its Russian domestic sales in dollar terms. Burdened with huge long term debts nominated in dollars and without the reliable support of foreign partner Yukos still has to win the fight for survival before it can think about the long term. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.