Sunday, March 12, 2006

Yukos faces its end in Moscow bankruptcy court


Putin 1 Yukos 0.

The victory of authoritarian politics over business which cannot be a good thing for an eficient economy.

Onésimo Alvarez-Moro

See article:
The destruction of Yukos, the Russian oil company, entered its final stage on Friday as foreign banks launched bankruptcy proceedings against it in a Moscow court.

The move could result in the liquidation of what was once the country's largest and most dynamic oil group

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