UPDATE 1-Urals Energy talks fail with lender, shrs suspended
* Unable to reach loan restructuring solution with Sberbank
* Expects to be in a position to file annual accounts in July * Shares temporarily suspended from AIM
(Adds details)
June 30 (Reuters) - Shares of Urals Energy (UEN.L) were suspended Tuesday pending publication of its full-year results, as the troubled mid-sized Russian oil firm was unable to reach a mutually agreeable solution on restructuring options for its outstanding loans with lender Sberbank (SBER03.MM).
"The company will be proceeding with the execution of the divestiture of its ownership interests in Dulisma and Taas Yuriakh to Sberbank as expediently as possible," Urals Energy said in a statement.
The company will divest its stake in the two key assets to fulfill its obligations to Russia's biggest lender, Sberbank, on loans totalling $630 million.
The AIM-listed company said it would not be able to meet its obligations to publish its 2008 audited accounts by the deadline of 30 June 2009.
Urals' owners include Leonid Dyachenko, the former son-in-law of former Russian president Boris Yeltsin.
(Reporting by Kumar Alagappan in Bangalore; Editing by Kavita Chandran)
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