The struggle pitting Russian President Vladimir Putin's Kremlin against the head of the huge Russian oil company Yukos has analysts and investors concerned about the future of political and economic reform in Russia
Published:
1 November 2003 y., Saturday
The struggle pitting Russian President Vladimir Putin's Kremlin against the head of the huge Russian oil company Yukos has analysts and investors concerned about the future of political and economic reform in Russia.
Of most concern is the belief among some leading analysts that the methods being used in the case are reminiscent of the Soviet era.
In a pre-dawn raid on October 25, Russian secret service agents moved in to arrest Yukos Chief Executive Mikhail Khodorkovsky at gunpoint, while he was on a business trip in Siberia. Mr. Khodorkovsky was flown to Moscow for questioning, and shortly thereafter was charged with seven counts of tax evasion and fraud.
The dramatic move against Russia's richest man made him the third senior Yukos official to be arrested since the crisis over Russia's largest oil company erupted four months ago.
The dispute began in July with the arrest of major Yukos share-holder Planton Lebedev on theft charges, and a wave of raids on Yukos-affiliated companies by Russian prosecutors.
In an escalation of the crisis on Thursday, Russian prosecutors seized a controlling interest in the huge Russian oil company. And President Vladimir Putin's chief of staff, Alexander Voloshin, resigned, amid apparent disagreement over the tactics being used against Mr. Khodorkovsky.
Russian business leaders see the government's moves against Yukos executives as a disturbing trend in law enforcement that could lead to a massive redistribution of assets gained during the privatization of the 1990's, and, they say, economic calamity.
Šaltinis:
voanews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »