TAXATION MINISTRY BEGINS REGULAR YUKOS INSPECTION FOR 2002

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MOSCOW, August 2 (RIA Novosti) - The Federal Taxation Service begins regular inspection of the oil company YUKOS for 2002.

According to the disgraced company's spokesman Alexander Shadrin, the company has received the notification of the inspection.

The taxation ministry has raised claims against YUKOS twice this year.

In April, the taxation agency took the decision on additional accrual of 99.4 billion rubles ($3.3 billion) in taxes, penalties and fines for 2000. This decision was approved by the first instance and appellation to the Moscow Arbitration Court, and by this time the bailiff service has recovered over 20 billion rubles from YUKOS.

Besides, in July the Federal Taxation Service provided the company with tax inspection report for 2001, the tax claims amounted to 98 billion rubles (another almost $3.3 billion). In the middle of the month, YUKOS forwarded objections to the report. The Federal Taxation Service's decision has not followed yet.

Now, stock analysts do not rule out the possibility that the taxation agencies may raise claims for 2002 and 2003. And following each inspection, YUKOS' funds, not Russia's largest anymore, will shrink like pebble-leather.

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