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Yukos


Self Description

January 2006: "Who We Are

  • A fully-integrated oil-and-gas company headquartered in Moscow, Russia
  • One of the world's largest non-state oil companies by reserves and market capitalization
  • One of Russia's largest publicly traded corporations by market capitalization
  • A team of approximately 100,000 dedicated professionals
  • Shares publicly traded on the Russian Trading System (RTS) and Moscow Interbank Currency Exchange (MICEX)
  • Level 1 ADRs traded OTC in the USA and on the following international platforms: Frankfurt, Munich, Stuttgart and Berlin Stock Exchanges, London Stock Exchange International Order Book"
http://www.yukos.com/About_us/yukos_at_a_glance.asp

Third-Party Descriptions

May 2011: "No one illustrates this better than Khodorkovsky, who in less than a decade has gone from being Russia’s richest man — an oligarch among oligarchs — to being its most prominent political prisoner. The founder of Yukos, the country’s best-run oil producer, Khodorkovsky undoubtedly played fast and loose in building the company in the early 1990s."

http://www.nytimes.com/2011/05/24/opinion/24nocera.html

December 2010: "Mr. Khodorkovsky became a billionaire in the rough-and-tumble 1990s after the collapse of Communism, snapping up state-owned oil fields at a fraction of their worth and then creating one of the world’s largest oil companies, Yukos. Like many Russian businessmen at the time, he had a reputation for engaging in practices that would be deemed illegal or unsavory in the West."

http://www.nytimes.com/2010/12/28/world/europe/28russia.html

May 2006: Khodorkovsky has been stripped of much of his wealth and his company, Yukos, has been largely dismantled. Now prosecutors are targeting his philanthropic projects. Earlier this month, the Russian prosecutor's office froze the school's assets, the prelude to what the school's directors -- Khodorkovsky's parents -- fear will be a full-scale legal assault to shut it down.

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/23/AR2006052301740.html

Relationships

RoleNameTypeLast Updated
Organization Head/Leader (past or present) Mikhail Khodorkovsky Person May 24, 2006
Organization Executive (past or present) Platon L. Lebedev Person Jun 1, 2011

Articles and Resources

Date Fairness.com Resource Read it at:
May 23, 2011 Russian Justice (Op-Ed)

QUOTE: ...Russia wants the world to believe that it abides by the rule of law. “It has a Constitution, courts, judges and established procedures,” said Pavel Ivlev, one of Khodorkovsky’s lawyers. But, Ivlev adds, “You also have the reality that everything is controlled by Putin and his friends.”

New York Times
Dec 27, 2010 Former Russian Tycoon Is Again Convicted

QUOTE: Seven years ago, Mikhail B. Khodorkovsky, Russia’s richest man, was jailed after challenging the authority of Vladimir V. Putin, who wanted the country’s post-Soviet tycoons to stop meddling in politics. On Monday, Mr. Khodorkovsky, still behind bars, was convicted on new charges of embezzlement in a case that has been widely viewed as an indicator of whether Russia will take even modest steps toward establishing a real rule of law.

New York Times
Aug 18, 2006 Yukos Probe Widens To Include Westerners

QUOTE: The Russian prosecutor's office opened a criminal probe into allegations of money laundering and embezzlement by Steven M. Theede, the American former chief executive of the embattled Yukos oil company, and three other expatriate executives...The four "took advantage of their official positions to steal and legalize property that had been trusted to them, which caused considerable damage to the owner . . . the Yukos oil company."

Washington Post
May 24, 2006 School Caught in Oil Tycoon's Misfortune: Russia Freezes Assets of Khodorkovsky-Funded Home Serving Orphans of Conflict

QUOTE: ...a state that has already seized billions of dollars worth of property from Yukos is now targeting a school that is helping children scarred by some of the country's worst tragedies.

Washington Post
Jan 06, 2006 Gas Dispute Leaves Cloud Over Russia's Chairmanship of G-8: Putin's Moves Upset U.S., Europe

QUOTE: ...the business rationale Gazprom cited for its decision was a thin disguise for political action, punishing a new Ukrainian government for its policy of pursuing membership in the E.U. and NATO. Russia's membership in the G-8 has been controversial since its entry in the late 1990s. Recently, the issue has come back to the fore with the government's legal assault on the oil giant Yukos and a new measure that would bring grass-roots activism under greater government control.

Washington Post