By Martin Sixsmith
ISBN-10: 1441199683
ISBN-13: 9781441199683
This name investigates Vladimir Putin's warfare for regulate of Russia's enormous oil reserves, particularly Mikhail Khodorkovsky's oil enterprise, Yukos. Putin's Oil investigates the complicated global of Kremlin politics, together with conspiracies and conspiracy theories, allegations that Roman Abramovitch plotted with Putin to break Khodorkovsky, suspicions of betrayal and double brokers within the Kremlin and in Yukos, homicide fees opposed to Khodorkovsky's companions, and the KGB defector who claims they have been performed via Kremlin brokers. After the mysterious demise in a helicopter crash of the Englishman who had taken over Yukos, the company's battle opposed to the Kremlin is now being waged by means of a troika of light mannered Britons, pursued by means of Interpol arrest warrants and Moscow's fury. Khodorkovsky continues to be in a penal camp in some distance japanese Siberia. Martin Sixsmith, former BBC Moscow Correspondent, has won extraordinary entry to some of the avid gamers within the drama. The ensuing publication is either a mystery and an research of the defining moments of Putin's presidency and their ongoing influence in Russian and global politics.
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Extra resources for Putin's Oil: The Yukos Affair and the Struggle for Russia
Sample text
I think he really re-thought what he wanted to do and where he wanted to go. NEW MAN IN THE KREMLIN 47 The ‘rough times’ Khodorkovsky had been through clearly left their mark on him. Instead of fighting for survival in the merciless world of ‘dog eat dog’ capitalism, using any means at his disposal, he now seemed determined to do things by the book. He wanted to make Yukos an open, transparent company with no secrets to hide. Instead of milking the firm for cash, he began to invest in its future.
Everyone had the same starting conditions; everyone could have done it. ’ The mild-mannered, bespectacled Jewish intellectual had turned into a chest-beating superman. Not only did Khodorkovsky brazenly default on a $236 million loan to a consortium of Western banks, he engaged in a cutthroat battle for supremacy with some of the investors who held minority stakes in Yukos. The American oil firm Dartoil, led by the veteran businessman Kenneth Dart, felt particularly aggrieved by the way Khodorkovsky treated them.
In each case, the auctioneer and effectively the only bidder for the assets in question transpired to be the oligarch who had made the loan to Yeltsin before the election. Potanin picked up the country’s leading nickel and aluminium company for a song; Berezovsky, with his partner and protégé Roman Abramovich, got the Sibneft oil company (neft in Russian means oil, so the name means Siberian Oil); and Khodorkovsky got a majority stake in the massive Yukos oil conglomerate, then Russia’s second largest producer, for the knockdown price of $309 million.
Putin's Oil: The Yukos Affair and the Struggle for Russia by Martin Sixsmith
by Michael
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