Khodorkovsky arrest clouds Russia investment outlook

Russian financial markets appeared to be stabilizing after the initial shock over the arrest at gunpoint of OAO Yukos chairman and CEO Mikhail Khodorkovsky by Russian police Oct. 25.But the arrest is prompting concerns over Yukos's planned aggressive expansion plans, and even over the future of foreign investment in Russian energy markets.And there remain questions over the imminent completion of a proposed merger of Yukos and OAO Sibneft to form Russia's largest oil and gas company (OGJ Online, Apr. 22, 2003). At the same time, the arrest casts a pall over the rumored negotiations—confirmed by Russian President Vladimir Putin—with ExxonMobil Corp. for a large stake i...

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