Putin goes after Oligarch, Russian markets crash

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posted on Oct, 27 2003 @ 12:32 PM
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This could mean trouble for Chevron and Shell, who'd like to snag some healthy oil fields in Russia. One problem being that the Oligarch who's been setting up the deals, is also financing parties to run against Putin and hob-nobs with Kissinger. And now he's in custody.

To think that American's put oilmen in office and Russia is putting them in jail..?



After hitting all-time highs, the Russian market plunged 10 percent on the first day of trading after the weekend arrest of Yukos oil chief Mikhail Khodorkovsky on fraud charges.

The head of Russia's largest oil company was detained at gunpoint at a Siberian airport Saturday and later charged on seven counts that included tax evasion and profiting more than one billion dollars from illegal dealings.

But his case has an added political dimension: The country's richest man has funded at least three opposition parties and many analysts believe he was being hounded by secret service agents who make up a powerful faction within the Kremlin and now have Putin's ear.


Oligarch arrested

[Edited on 27-10-2003 by kukla]




posted on Oct, 27 2003 @ 03:22 PM
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Originally posted by kukla
This could mean trouble for Chevron and Shell, who'd like to snag some healthy oil fields in Russia. One problem being that the Oligarch who's been setting up the deals, is also financing parties to run against Putin and hob-nobs with Kissinger. And now he's in custody.

To think that American's put oilmen in office and Russia is putting them in jail..?



After hitting all-time highs, the Russian market plunged 10 percent on the first day of trading after the weekend arrest of Yukos oil chief Mikhail Khodorkovsky on fraud charges.

The head of Russia's largest oil company was detained at gunpoint at a Siberian airport Saturday and later charged on seven counts that included tax evasion and profiting more than one billion dollars from illegal dealings.

But his case has an added political dimension: The country's richest man has funded at least three opposition parties and many analysts believe he was being hounded by secret service agents who make up a powerful faction within the Kremlin and now have Putin's ear.


Oligarch arrested

[Edited on 27-10-2003 by kukla]


lol tax evasion? russia has some of the worst corruptuion imaginable and they go after someone who didnt pay their taxes? obviously he went after the guy for more reasons than just tax evasion or profiting from illegal deals. illegal deals is a way of life for many within the russian government so this is at the least hypocritical.

i think its because he posed a threat to putin to dethrone him and had him locked up to qwell any resistance against.

amazing when we do it we're bad americans and when he does it its viewed as a good thing.






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