were overwhelmed by negative news out of Russia , causing the shares to sell off more ..... 2003-05 expropriation of oil company Yukos ' key assets. These assets are now owned by Russia 's state oil company Rosneft, of which ..... Despite an increasingly cloudy outlook in Russia , BP's ability to profit from its Rosneft ..... operating outlook. With respect to the Yukos ruling, this suit is being brought specifically
light of the political risks associated with doing business in Russia . Earlier, Russian Prime Minister Putin criticized Mechel ..... through offshore companies so as to pay less export taxes in Russia . We think there is a possibility that Mechel may repeat the fate of Yukos Oil, whose assets were auctioned off after its billionaire
minutes now mostly used, we expect some bounce back in average revenues during the second quarter. Also, on May 31 former Yukos CEO Mikhail Khordorkovsky was officially convicted of fraud and tax evasion and sentenced to nine years in jail. Some Russian ..... charges are pending, such as money laundering. The harsh action against Khordorkovsky reminds us of the risks of investing in Russia , where any other firm seemingly could also be singled out for such treatment.
include a number of brand extensions such as a broad array of juice drink flavors. Given the recent business climate in Russia , most notably surrounding energy companies such as Yukos , the acquisition carries a great deal of political risk. However, political risk seems to increasingly be a fact of life
one-time event or only the beginning--as happened with Yukos --is unknown at this time. The imposition of the tax bill ..... Telecominvest, a Russian holding company, for a 25% stake in Russia 's third largest wireless company, OAO Megafon. Alfa has also attacked Russia 's communications minister, Leonid Reiman, accusing him